EUR/GBP tumbles toward 0.8000 as Carney speaks

By FXstreet.com | June 12, 2014 AAA

FXStreet (Córdoba) - The EUR/GBP plummeted after Wall Street closing bell falling from 0.8055 to 0.8016 in a few minutes. The Pound jumped across the board following comments made by Mark Carney, suggesting that the Bank of England could raise rates sooner than markets expect.



The Pound rose against the Euro to the strongest level since November 2012. The EUR/GBP has approached the psychological area of 0.8000 and currently trades at the lows.



The EUR/GBP extended weekly losses to a hundred pips, the worst result since March.



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