EUR GBP Fundamental Analysisi 2
8/5/2016 8:08:07 AM
The improved bid tone in the Sterling is causing EUR/GBP to ease some ground although still trading at shouting distance from the key barrier at 0.8500 on Friday. Yesterday’s fall of the GBP following the BoE dovish message has allowed the European cross to erode previous losses and recover the limits of 0.8500 the figure today, amongst cautious trade ahead of US Non-farm Payrolls. The cross is now losing 0.08% at 0.8484 facing the initial persistence at 0.8499 followed by 0.8627 and then 0.8651. On the downside, a violation of 0.8383 would expose 0.8248 and ultimately 0.8233.