EUR/GBP rises back above 0.8000

By FXstreet.com | June 27, 2014 AAA

FXStreet (Córdoba) - The EUR/GBP is rising on Friday and recently printed a fresh daily high at 0.8015. Price remains near the highs, up 20 pips for the day and recovering part of yesterday’s losses.



The Pound is among the worst performers on Thursday and is falling across the board, favoring the upside in the EUR/GBP. While the EUR/USD trades near daily highs above 1.3630, the GBP/USD is testing daily lows near 1.7000.



EUR/GBP post another weekly gain but still with pressure



The pair is about to post the second weekly gain in a row but still faces downside pressure on a wider view. The accumulated gains for the last two weeks are less than 50 pips and price continues near 20-month lows that lie at 0.7958.



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