EUR GBP Fundamental Analysis 1
8/11/2016 11:08:54 AM
The weaker tone in the single currency and the sterling has driven EUR/GBP to leave the area around 0.8600 and give away some pips to the current 0.8590/85 band. EUR/GBP emphasis on risk tendencies. The return of the bid sentiment around the dollar has provoked the risk-associated currencies to review part of the ground lost since Monday, though the European cross has so far managed to keep the trade at shouting distance from YTD tops near 0.8630 posted in early July. The cross is now dropping 0.05% at 0.8587 facing the first support at 0.8430 followed by 0.8383 and then 0.8250. On the advantage, a prevalence of 0.8600 would aim for 0.8627 and then 0.8650.