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EUR/GBP collapsed below 0.8600 as Carney leaves door open to more easing

FXstreet.com (San Francisco) – After peaking to 3-week highs around 0.8650, the EUR/GBP was rejected by this level and it is currently falling 50 pips to test prices below the 0.8600 area following the BoE’s Governor Mark Carney speech on stimulus program.

As Kathy Lien from BK’s Brokers wrote in her Twitter account: “In summary, BoE is optimistic about UK growth but still leaving door open to more easing “just in case.”

Currently, the EUR/GBP is trading at 0.8600, 0.13% negative on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute …read more