13 May 2014
EUR/GBP falls to 16-month low
FXStreet (Córdoba) - The EUR/GBP weakened on Tuesday after the Bundesbank signaled that remains open to a quantitative easing program by the ECB and reversed sharply from 2-day highs at 0.8175 and tumbled breaking below 0.8140.
Recently, during the American session, dropped further and bottomed at 0.8133, hitting a fresh 16-month low. The pair continues to trades near the lows after being unable to rise above 0.8150.
EUR/GBP keeps falling
Since last Tuesday the Cable has risen everyday against the Euro, accelerating after the ECB meeting. The EUR/GBP fell 90 pips in a week and is now headed toward the lowest daily close since January 8, 2013.
Recently, during the American session, dropped further and bottomed at 0.8133, hitting a fresh 16-month low. The pair continues to trades near the lows after being unable to rise above 0.8150.
EUR/GBP keeps falling
Since last Tuesday the Cable has risen everyday against the Euro, accelerating after the ECB meeting. The EUR/GBP fell 90 pips in a week and is now headed toward the lowest daily close since January 8, 2013.