9 May 2014
EUR/GBP toward lowest weekly close since 2012
FXStreet (Córdoba) - The EUR/GBP dropped further on Friday but managed so far to hold above 2014 lows. After a short lived recovery during the European session, the pair resumed the downside and fell, bottoming at 0.8162.
EUR/GBP testing 2014 lows
The Euro is about to post the lowest weekly close versus the Pound since December 2012 and the second below 0.8200 for 2014. The common currency weakened after Mario Draghi suggested that the ECB could act at the next meeting, while the Pound remained resilient following BoE decision to leave rates unchanged and also after economic data from the UK.
The EUR/GBP is trading just a few pips above 2014 lows that lie at 0.8155, below it would be trading at the lowest price since January 2012.
EUR/GBP testing 2014 lows
The Euro is about to post the lowest weekly close versus the Pound since December 2012 and the second below 0.8200 for 2014. The common currency weakened after Mario Draghi suggested that the ECB could act at the next meeting, while the Pound remained resilient following BoE decision to leave rates unchanged and also after economic data from the UK.
The EUR/GBP is trading just a few pips above 2014 lows that lie at 0.8155, below it would be trading at the lowest price since January 2012.