EUR/GBP upside capped near 0. After a brief test of daily highs in the 0.8650 region, the upside momentum in the European cross run out of steam and is now dragging it to the 0.8630/25 band. GBP, in the meantime, has been helped by the broad-based upbeat tone in the risk-associated complex, while the absent of fresh news around the Brexit negotiations appears to be ‘good news’ for the British Pound for the time being. Other than Brexit, Cable will remain vigilant on this week’s docket, including the monthly jobs report tomorrow, inflation figures and the speech by BoE Governor M.Carney and Retail Sales .
EUR/GBP key levels
The cross is losing 0.16% at 0.8629 and faces the next hurdle at 0.8657 seconded by 0.8722 and finally 0.8764 . On the downside, a break below 0.8588 would expose 0.8502 and then 0.8483 . You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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