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EUR/GBP testing 0.8600 handle

FXstreet.com (Barcelona) – EUR/GBP has spiked to the figure 0.8600 in a NA session that is seeing volatility ahead of the close for the week.

EUR/GBP has jumped from 0.8560 territory and climbed a fast 35 pips through 0.8580 resistance. EUR/USD is tackling the 1.3400 and up an immediate 40 pips on a broad based dollar sell off, supporting the move in the cross. The dollar has been offered in a delayed move post the Housing data that took markets by surprise. Some analysts had expected new home sales to fall by just 2.8% M/M in July (mkt -2.0%), …read more