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EUR/GBP consolidates above 0.8600

FXstreet.com (Edinburgh) -The EUR/GBP continues its march higher on Wednesday, advancing beyond 0.8600 the figure ahead of the speech by Governor M.Carney due later.

EUR/GBP extends its recovery

The cross is advancing for the second consecutive session so far, recovering ground after the pronounced decline from late July-mid August, as the sterling has been losing ground after hitting recent highs. In light of today’s speech by M.Carney, analysts at TD Securities commented, “The initiation of forward guidance earlier this month hasn’t had the likely desired impact (lower rates) and Carney could attempt to make those points more strongly this morning—potential pressuring …read more