EUR/GBP retreats from 0.7915

FXStreet (Córdoba) - The euro climbed against the pound during the European session supported by the PMI report of the region but failed to hold and pulled back, erasing most of the gains.

EUR/GBP</a> peaked at 0.7915, below Wednesday’s high and then retreated. The pair was unable to hold above 0.7900 and pulled back, accelerating to the downside after the beginning of the US session.

Currently trades at 0.7885, slightly above yesterday's close, holding some bearish momentum and remains near weekly lows that lie at 0.7869. If it falls below it would be trading at the lowest level since October 13.