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EUR/GBP in weekly lows around 0.8330

FXstreet.com (Edinburgh) – The selling interest around the EUR/GBP is now intensified by the strength surrounding the sterling, dragging the cross to weekly lows near 0.8330.

EUR/GBP lower after UK data

Results in line with expectations from the UK GDP during the third quarter have boosted the pound today. In addition, a noticeable EUR resilience has also collaborated with the intraday decline from highs near 0.8390. “… to return positive from a big picture perspective, we need to see a lot more, with a move and close above 0.8511 on a weekly basis (which seems a big ask here). So, until/unless …read more