24 Jun 2016
EUR/GBP retreats from over 2-year highs, dips below 0.8200 level
The EUR/GBP cross is seen retracing from 0.8300 region, its highest level since March 2014, and has now dipped back below 0.8200 handle. Earlier the cross surged after Brexit polls showed a better-than-expected lead for 'Leave' camp in the closely watch UK-EU referendum vote.
The British Pound sold-off heavily across the board as the Brexit is now a pretty much a done deal.
Next on tap, PM Cameron is expected to speak later today and could be followed by BOE's Carney’s speech, but no specific timings have been reported at the moment.
Important Levels
On the Upside 0.8300 round figure, followed by 2014 highs (0.8395-0.8400 region)
0.8000 psychological mark now turns as important downside support