7 Aug 2013
EUR/GBP slightly bid
FXstreet.com (Barcelona) - EUR/GBP has continued to drift higher overnight and the pair is currently consolidated 0.8675/80.
The Eurozone is low on data today, but we will see the German industrial production figures at 10GMT.However, the BoE Quarterly Inflation Report is up before then and Carneys accompanying address to the Government, and this is where markets will focus this morning. This will be at 9.30GMT. Research teams at The Bank of Tokyo-Mitsubishi UFJ, Ltd said “with the UK economy appearing to be gaining further upward momentum in Q3, the BoE may modestly raise its real GDP forecasts today”… “A commitment to keep rates low until 2H 2015 or 2016 would help to keep short rates low and the pound weak in the year ahead”.
EUR/GBP steady on the bid
EUR/GBP is steady and overall bid. The 20 dma 0.8649, 50 dma 0.8581, 200 dma 0.8429. RSI (9) reads 53.35. Supports are ascending from 0.8575, 0.8589, 0.8606 and 0.8619. After the first hour of the London open, Spot is currently printing 0.8673. Resistances are 0.8695, 0.8712, 0.8745 and 0.8770.
The Eurozone is low on data today, but we will see the German industrial production figures at 10GMT.However, the BoE Quarterly Inflation Report is up before then and Carneys accompanying address to the Government, and this is where markets will focus this morning. This will be at 9.30GMT. Research teams at The Bank of Tokyo-Mitsubishi UFJ, Ltd said “with the UK economy appearing to be gaining further upward momentum in Q3, the BoE may modestly raise its real GDP forecasts today”… “A commitment to keep rates low until 2H 2015 or 2016 would help to keep short rates low and the pound weak in the year ahead”.
EUR/GBP steady on the bid
EUR/GBP is steady and overall bid. The 20 dma 0.8649, 50 dma 0.8581, 200 dma 0.8429. RSI (9) reads 53.35. Supports are ascending from 0.8575, 0.8589, 0.8606 and 0.8619. After the first hour of the London open, Spot is currently printing 0.8673. Resistances are 0.8695, 0.8712, 0.8745 and 0.8770.