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Forex pairs in this Article » EUR/GBP (Barcelona) - Today's UK economic data has come in mixed causing EURGBP to move sharply lower to approach classic S1 support at 0.8080.

YoY GDP disappointed expectations at -0.1%/0% while QoQ expectations were in line at 1.0%. Index of Services numbers beat expectations at 1.3%/-1.0% and Total Business Investment came in at 4.5% YoY against a previous reading of 3.1% and bettering QoQ forecasts at 3.7%/1.3%. The data has seen GBP strengthen and approach support at 0.8080.

Forex Ticket analysts are neutral on the pair and see support and resistance at 0.807070.804070.8010 and 0.811070.812570.8165 respectively. Elsewhere, European stocks are up, US futures are up, commodities are mixed to higher and critical yields are down and stable.
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