0.855
Today
+0.00%
5 Days
-0.20%
1 Month
+0.24%
6 Months
-1.63%
Year to Date
-1.94%
1 Year
-0.88%
Opening Price
0.854Previous Closing Price
0.855EUR/GBP has traded in a tight range around the mid-0.8500s on Friday, little changed on the day. The latest Eurozone figures came in close to forecasts, and they did nothing to push the pair out of the range it has held all week.
EUR/GBP is little changed on Friday, extending the sideways pattern seen through most of the week as traders show a muted reaction to second-quarter Gross Domestic Product (GDP) data from both the Eurozone and the United Kingdom (UK). At the time of writing, the cross trades around 0.8543.
The Euro (EUR) is trading practically flat against the British Pound (GBP) on Friday, holding moderate gains after bouncing from three-week lows on Thursday. The EUR/GBP pair, however, is struggling to find significant acceptance above 0.8550, and remains on track for a 0.2% weekly loss.
EUR/GBP is trading sideways on Thursday near the 0.8540 level, with the Euro (EUR) steadying after three consecutive days of losses despite the Pound Sterling (GBP) gaining support from UK economic growth data that was broadly in line with expectations.
EUR/GBP edges higher on Thursday as the Euro (EUR) draws support from hawkish European Central Bank (ECB) expectations, overshadowing stronger-than-expected UK Gross Domestic Product (GDP) data that would otherwise have supported the British Pound (GBP).
The EUR/GBP cross holds positive ground near 0.8540 during the early European trading hours on Thursday. The British Pound (GBP) remains weak against the Euro (EUR) following the UK economic data.
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The downside prevails as long as 0.8550 is resistance, with 0.8531 and 0.8526 as targets
above 0.8550, look for 0.8558 and 0.8563.
The downside prevails as long as 0.8550 is resistance, with 0.8531 and 0.8526 as targets
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