EUR/GBP climbs back above 0.8500

The pound remains among the worst performers on Friday, as investors continue to assess Bank of England minutes released yesterday, where the MPC left the door open to further easing this year.

EUR/GBP rose back above the 0.85 mark and reached a daily peak of 0.8527, but lost momentum ahead of post-BoE highs. At time of writing, the cross was trading at 0.8522, recording a 0.36% gain on Friday.

EUR/GBP levels to watch

In terms of technical levels, next resistances are seen at 0.8543 (Sep 14 high) and 0.8600 (psychological level). On the flip side, supports could be faced at 0.8473 (50-day SMA) and 0.8415 (Sep 13 low).