14 Jul 2015
EUR/GBP directly offered on Carney
FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7063 with a high of 0.7138 and a low of 0.7062.
EUR/GBP is weak and trading at the lowest levels in a week given the strength in sterling today and with the euro meeting heavy supply and failing to recovery from yesterday's 2 big figure slide.
The greenback has been sold off to some extent, on weak data in retails sales which is supporting Sterling, although the pound is bid on its own accord with Carney offering a hawkish rhetoric saying that timing for a rate hike is edging closer. Meanwhile, Greece...according to German press, Tspiras could step down to make way for an interim government in the wake of the parliamentary vote tomorrow and this is the focus for now, as Jim Reid, analyst at Deutsche Bank, exposes his views on the Greek front.
EUR/GBP technically better offered
The downside is wide open below the 0.70 handle, albeit with some work and levels to push through first, but the recent strong reversal has set the scene and Karen Jones, chief analyst at Commerzbank explained that 0.7057 guards 0.6990, the June low.
EUR/GBP is weak and trading at the lowest levels in a week given the strength in sterling today and with the euro meeting heavy supply and failing to recovery from yesterday's 2 big figure slide.
The greenback has been sold off to some extent, on weak data in retails sales which is supporting Sterling, although the pound is bid on its own accord with Carney offering a hawkish rhetoric saying that timing for a rate hike is edging closer. Meanwhile, Greece...according to German press, Tspiras could step down to make way for an interim government in the wake of the parliamentary vote tomorrow and this is the focus for now, as Jim Reid, analyst at Deutsche Bank, exposes his views on the Greek front.
EUR/GBP technically better offered
The downside is wide open below the 0.70 handle, albeit with some work and levels to push through first, but the recent strong reversal has set the scene and Karen Jones, chief analyst at Commerzbank explained that 0.7057 guards 0.6990, the June low.