EUR/GBP stuck back in range

FXstreet.com (London) – EUR/GBP is a slow start on the week, with a high of 0.8363 and a low of 0.8340, the pair awaits developments towards the end of the week.

Strategists at TD Securities notes that a remark from an ECB member that the Bank is ‘ready’ to cut interest rates further is the only noteworthy fundamental development in the EZ since Friday. “However, the comment came from a non-key board member (Hansson) and was not really anything we haven’t’ heard already, so the impact has not been particularly significant…
Today and the days ahead are light on data …read more