EUR/GBP declines below 0.8000

By FXstreet.com | August 18, 2014 AAA

FXStreet (Córdoba) - The EUR/GBP is falling on Monday after rising during the previous three trading days, retreating from 2-month highs. Last week the pair rose to 0.8034 and today, started the week with a bearish gap and then during the European and the American session dropped further.



Hours ago bottomed at 0.7982, the lowest price since last Wednesday. Then bounced but failed to rise above 0.7990. Despite pulling back the short term trend point to the upside, but the Euro lost momentum.



EUR/GBP and key days ahead

Cable started the week boosted by Bank of England’s governor comments made during the weekend about monetary policy. In the next days, key economic data from the UK and the Eurozone will be released that could have an impact on the EUR/GBP.



On Tuesday, inflation data from the UK will be released and later in the week the minutes of the last MPC meeting, while on Thursday the preliminary PMI report from the Eurozone.



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD claws to 1.6100 ahead of Europe
    Forex News

    GBP/USD claws to 1.6100 ahead of Europe

  2. EUR/USD glued to 1.2755; triggers are wanted
    Forex News

    EUR/USD glued to 1.2755; triggers are wanted

  3. Asia recap: most majors are still sleeping in a ranges; JPY is weakening
    Forex News

    Asia recap: most majors are still sleeping in a ranges; JPY is weakening

  4. Gold Struggling Below $1250, SPX 500 Trying to Retake 1900 Figure
    Forex News

    Gold Struggling Below $1250, SPX 500 Trying to Retake 1900 Figure

  5. US Dollar Technical Analysis: Stalling at Channel Support
    Forex News

    US Dollar Technical Analysis: Stalling at Channel Support

Trading Center