8 Jan 2016
EUR/GBP hits 11-month highs
FXStreet (Córdoba) - The euro extended weekly gains versus the pound and reached above 0.7500 the strongest level since February 2014.
EUR/GBP continues to rally
The pair is rising for the third day in a row. During the American session broke to the upside after moving during hours in a range between 0.7455 and 0.7425. It jumped to 0.7516, hitting the highest in 11 months.
Afterwards the pair pulled back and it was trading around 0.7490/95, 20 pips above yesterday’s closing price.
EUR/GBP is rising for the third day in a row accumulating a 200-pips gain. It is about to post the seventh consecutive weekly gain and the highest close in a year.
A stronger euro, favored by risk aversion and a weak pound (with GBP/USD trading a the lowest since 2010, unable to find support) boosted the pair that has been rising constantly since late November from levels under 0.7000.
EUR/GBP continues to rally
The pair is rising for the third day in a row. During the American session broke to the upside after moving during hours in a range between 0.7455 and 0.7425. It jumped to 0.7516, hitting the highest in 11 months.
Afterwards the pair pulled back and it was trading around 0.7490/95, 20 pips above yesterday’s closing price.
EUR/GBP is rising for the third day in a row accumulating a 200-pips gain. It is about to post the seventh consecutive weekly gain and the highest close in a year.
A stronger euro, favored by risk aversion and a weak pound (with GBP/USD trading a the lowest since 2010, unable to find support) boosted the pair that has been rising constantly since late November from levels under 0.7000.