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23 Feb 2016
EUR/GBP eases to 0.7820 ahead of Carney
EUR/GBP is now retiring from the area of session highs around 0.7830 as the sentiment for the single currency has ebbed a tad from overnight peaks.
EUR/GBP focus on Carney, “Brexit’
The sterling has somewhat recovered part of yesterday’s ‘Brexit’-induced drop, prompting the cross to give away part of the earlier gains albeit it manages well to keep the trade above the 0.7800 handle so far.
Ahead in the session, the German IFO will be in the limelight in Euroland, while Governor M.Carney’s speech and the Inflation Report Hearings are taking centre stage across the Channel.
EUR/GBP key levels
The European cross is now up 0.39% at 0.7823 facing the next hurdle at 0.7901 (high Feb11) followed by 0.8007 (high Dec.16 2014) and then 0.8041 (high Nov.27 2014). On the other hand, a breach of 0.7722 (20-day sma) would aim for 0.7696 (2-month uptrend) and finally 0.7523 (low Feb.3).
EUR/GBP focus on Carney, “Brexit’
The sterling has somewhat recovered part of yesterday’s ‘Brexit’-induced drop, prompting the cross to give away part of the earlier gains albeit it manages well to keep the trade above the 0.7800 handle so far.
Ahead in the session, the German IFO will be in the limelight in Euroland, while Governor M.Carney’s speech and the Inflation Report Hearings are taking centre stage across the Channel.
EUR/GBP key levels
The European cross is now up 0.39% at 0.7823 facing the next hurdle at 0.7901 (high Feb11) followed by 0.8007 (high Dec.16 2014) and then 0.8041 (high Nov.27 2014). On the other hand, a breach of 0.7722 (20-day sma) would aim for 0.7696 (2-month uptrend) and finally 0.7523 (low Feb.3).