EUR/GBP falls to test 0.8200

FXStreet (Córdoba) - The EUR/GBP weakened after the release of UK economic data and afterwards accelerated to the downside and fell to 0.8193, reaching the lowest level since April 30. Then bounced to the upside but the recovery was capped by 0.8205 and at the moment trades at 0.8197, 0.35% low for the day.

The Pound is among the best performers across the board with the GBP/USD close to 1.7000, supported by the UK Markit services PMI that rose to 58.7 in April above expectations.

EUR/GBP will it close below 0.8200?

Currently the Euro is headed toward the first close under 0.8200 since February 14. Below the next support might lie at 0.8170 and then at 0.8155 (February 17 low).