16 Feb 2015
EUR/GBP back below 0.7400 amid Eurogroup meeting
FXStreet (Córdoba) - EUR/GBP dropped from daily highs around 0.7430 back under 0.7400, to test the lows. Recently price bottomed at 0.7387, slightly above daily lows. Currently trades at 0.7390, slightly lower for the day.
The euro weakened across the board amid negotiations in the Eurogroup about Greece. A Greek government official mentioned that under current circumstances, there cannot be a deal today. According to the official the Eurogroup discussed an unreasonable, unacceptable draft text that insisted on extending the bailout. A EU official said that the Eurogroup meeting was put on hold.
Greenback and the yen strengthened in the market and climbed to fresh highs across the board, while the euro declined. EUR/GBP slided was moderated as GBP/USD printed fresh lows below 1.5360.
The euro weakened across the board amid negotiations in the Eurogroup about Greece. A Greek government official mentioned that under current circumstances, there cannot be a deal today. According to the official the Eurogroup discussed an unreasonable, unacceptable draft text that insisted on extending the bailout. A EU official said that the Eurogroup meeting was put on hold.
Greenback and the yen strengthened in the market and climbed to fresh highs across the board, while the euro declined. EUR/GBP slided was moderated as GBP/USD printed fresh lows below 1.5360.