21 Jul 2015
EUR/GBP rises back above 0.7200
FXStreet (Córdoba) - The euro is rising in the market on Tuesday against the pound and climbed back above 0.7000 for the first time since last Wednesday. EUR/GBP printed a fresh daily high at 0.7034 and it was trading at 0.7025/30, 75 pips above yesterday’s closing price.
EUR/GBP recovering from multi-year lows
The pair dropped at the begging of the week to 0.6928 (7-year low) but then bounced to the upside. Today is rising for the second day in a row, having so far the best performance in two weeks.
A better tone regarding the Greek crisis favored a correction of the euro in the market, while the pound weakened across the board during the last sessions as traders await Bank of England minutes, that will be released tomorrow.
EUR/GBP recovering from multi-year lows
The pair dropped at the begging of the week to 0.6928 (7-year low) but then bounced to the upside. Today is rising for the second day in a row, having so far the best performance in two weeks.
A better tone regarding the Greek crisis favored a correction of the euro in the market, while the pound weakened across the board during the last sessions as traders await Bank of England minutes, that will be released tomorrow.