16 Dec 2014
EUR/GBP falls below 0.7950
FXStreet (Córdoba) - The euro failed to hold to gains and retreated sharply against the pound on Tuesday.
EUR/GBP hits 0.8005 and reverses
The pair spiked during the European session to 0.8005 reaching the highest price in three weeks but quickly pulled back toward 0.7960. During the American session the pound strengthened and pushed EUR/GBP to break below 0.7950.
Recently printed a fresh daily low 0.7935 and it was trading at 0.7940, 10 pips below yesterday's closing price, despite better-than-expected data from the Eurozone and a reading below expectations of inflation in the United Kingdom.
EUR/GBP hits 0.8005 and reverses
The pair spiked during the European session to 0.8005 reaching the highest price in three weeks but quickly pulled back toward 0.7960. During the American session the pound strengthened and pushed EUR/GBP to break below 0.7950.
Recently printed a fresh daily low 0.7935 and it was trading at 0.7940, 10 pips below yesterday's closing price, despite better-than-expected data from the Eurozone and a reading below expectations of inflation in the United Kingdom.