9 Jul 2015
EUR/GBP toying with 0.7200
FXStreet (Edinburgh) - The better tone in the risk-associated space on Thursday has helped EUR/GBP to clinch the 0.7200 handle so far.
EUR/GBP eyes on BoE, Greece
Market participants will remain vigilant on events coming from Greece, with the focus on attention once again on PM A.Tsipras, as he should submit a set of new – or at least more coherent – proposals to be assessed by the EU institutions ahead of the decisive EU Summit on Sunday.
In another direction, the BoE will hold its MPC meeting today, although consensus expects the ‘Old Lady’ to keep its monetary status quo unchanged, with the refi rate at 0.5% and the asset purchase facility at £375 billion.
EUR/GBP key levels
At the moment the cross is down 0.05% at 0.7206 with the next support at 0.7054 (low Jul.6) followed by 0.6988 (2015 low Jun.29) and finally 0.6900 (psychological level). On the flip side, a surpass of 0.7211 (high Jun.22) would aim for 0.7248 (high Jun.15) and then 0.7389 (high Jun.9).
EUR/GBP eyes on BoE, Greece
Market participants will remain vigilant on events coming from Greece, with the focus on attention once again on PM A.Tsipras, as he should submit a set of new – or at least more coherent – proposals to be assessed by the EU institutions ahead of the decisive EU Summit on Sunday.
In another direction, the BoE will hold its MPC meeting today, although consensus expects the ‘Old Lady’ to keep its monetary status quo unchanged, with the refi rate at 0.5% and the asset purchase facility at £375 billion.
EUR/GBP key levels
At the moment the cross is down 0.05% at 0.7206 with the next support at 0.7054 (low Jul.6) followed by 0.6988 (2015 low Jun.29) and finally 0.6900 (psychological level). On the flip side, a surpass of 0.7211 (high Jun.22) would aim for 0.7248 (high Jun.15) and then 0.7389 (high Jun.9).