29 Apr 2015
EUR/GBP off highs post –German data
FXStreet (Edinburgh) - EUR/GBP is now returning to the 0.7160/55 band after the release of the German inflation figures.
EUR/GBP eyes on US data
The European cross is leaving session highs near 0.7170 after preliminary consumer prices in Germany matched consensus for the current month, rising 0.4% on a yearly basis and contracting 0.1% inter-month.
Data wise in the UK, Housing Prices tracked by Nationwide rose 1.0% on a monthly basis and 5.2% on a year to April, surpassing expectations; on a different tone, the Distributive Trades survey by CBI dropped to 12 from March to April, missing estimates at 25.
EUR/GBP key levels
As of writing the cross is up 0.04% at 0.7161 and a break above 0.7171 (high Apr.28) would open the door to 0.7206 (high Apr.22) and finally 0.7210 (high Apr.21). On the flip side, the next support aligns at 0.7118 (low Apr.23) ahead of 0.7102 (76.4% of 0.7015-0.7385) and then 0.7093 (low Mar.16).
EUR/GBP eyes on US data
The European cross is leaving session highs near 0.7170 after preliminary consumer prices in Germany matched consensus for the current month, rising 0.4% on a yearly basis and contracting 0.1% inter-month.
Data wise in the UK, Housing Prices tracked by Nationwide rose 1.0% on a monthly basis and 5.2% on a year to April, surpassing expectations; on a different tone, the Distributive Trades survey by CBI dropped to 12 from March to April, missing estimates at 25.
EUR/GBP key levels
As of writing the cross is up 0.04% at 0.7161 and a break above 0.7171 (high Apr.28) would open the door to 0.7206 (high Apr.22) and finally 0.7210 (high Apr.21). On the flip side, the next support aligns at 0.7118 (low Apr.23) ahead of 0.7102 (76.4% of 0.7015-0.7385) and then 0.7093 (low Mar.16).