12 Jan 2015
EUR/GBP back below 0.7800
FXStreet (Córdoba) - EUR/GBP hit earlier at 0.7830 a 2-day high but then turned to the downside and fell back below 0.7800.
The pair was trading at 0.7790, after printing a fresh low at 0.7788 and it was moving toward last week low that lie at 0.7782 (Jan 9 low). If it falls below 0.7780 it would be trading at the lowest price in a week.
Despite falling versus the pound, the euro is rising on Monday against commodity currencies but still remains under pressure ahead of the European Central Bank meeting to be held January 22.
The pair was trading at 0.7790, after printing a fresh low at 0.7788 and it was moving toward last week low that lie at 0.7782 (Jan 9 low). If it falls below 0.7780 it would be trading at the lowest price in a week.
Despite falling versus the pound, the euro is rising on Monday against commodity currencies but still remains under pressure ahead of the European Central Bank meeting to be held January 22.