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11 Sep 2015
EUR/GBP in range around 0.7300
FXStreet (Edinburgh) - The strong performance of the single currency on Thursday helped EUR/GBP to regain the 0.7300 handle overnight, where it is now trying to consolidate.
EUR/GBP indifferent on German CPI
Despite the recent advance, the European cross remains negative for the week, snapping so far a positive 5-week streak since early August troughs in the mid-0.6900s.
The cross practically ignored today’s release of the final inflation figures in Germany during August, with headline CPI coming in flat on a monthly basis and advancing 0.2% YoY. The broader HICP showed consumer prices rising 0.1% over the last twelve months.
EUR/GBP key levels
At the moment the cross is up 0.07% at 0.7308 facing the next up barrier at 0.7346 (high Sep.7) followed by 0.7376 (high Sep.3) ahead of 0.7398 (high Sep.2). On the other hand, a breach of 0.7289 (low Sep.10) would aim for 0.7151 (low Aug.21) and finally 0.7091 (low Aug.20).
EUR/GBP indifferent on German CPI
Despite the recent advance, the European cross remains negative for the week, snapping so far a positive 5-week streak since early August troughs in the mid-0.6900s.
The cross practically ignored today’s release of the final inflation figures in Germany during August, with headline CPI coming in flat on a monthly basis and advancing 0.2% YoY. The broader HICP showed consumer prices rising 0.1% over the last twelve months.
EUR/GBP key levels
At the moment the cross is up 0.07% at 0.7308 facing the next up barrier at 0.7346 (high Sep.7) followed by 0.7376 (high Sep.3) ahead of 0.7398 (high Sep.2). On the other hand, a breach of 0.7289 (low Sep.10) would aim for 0.7151 (low Aug.21) and finally 0.7091 (low Aug.20).