Back
27 Mar 2015
EUR/GBP in lows around 0.7270
FXStreet (Edinburgh) - The renewed buying interest around the sterling keeps EUR/GBP in the area of 0.7270 on Friday, or session lows.
EUR/GBP lower on Carney
The pick-up in the pound followed today’s appreciations by Governor Mark Carney that the next move would likely be a rate hike, contrasting with last week’s comments by BoE Chief Economist Andrew Haldane, who gave equal possibilities to a rate hike and a rate cut in the current economic context.
Previously, MPC Ben Broadbent suggested that a lower UK inflation is beneficial for the demand and that the central banks can use unconventional measure if needed.
EUR/GBP key levels
At the moment the cross is down 0.73% at 0.7275 with the immediate support at 0.7244 (38.2% of 0.7015-0.7385) and then 0.7230 (21-d MA). On the flip side, a breakout of 0.7385 (high Mar.25) would expose 0.7404 (high Feb.23) and then 0.7429 (high Feb.20).
EUR/GBP lower on Carney
The pick-up in the pound followed today’s appreciations by Governor Mark Carney that the next move would likely be a rate hike, contrasting with last week’s comments by BoE Chief Economist Andrew Haldane, who gave equal possibilities to a rate hike and a rate cut in the current economic context.
Previously, MPC Ben Broadbent suggested that a lower UK inflation is beneficial for the demand and that the central banks can use unconventional measure if needed.
EUR/GBP key levels
At the moment the cross is down 0.73% at 0.7275 with the immediate support at 0.7244 (38.2% of 0.7015-0.7385) and then 0.7230 (21-d MA). On the flip side, a breakout of 0.7385 (high Mar.25) would expose 0.7404 (high Feb.23) and then 0.7429 (high Feb.20).