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EUR/GBP tumbles on Cameron comments

FXstreet.com (Athens) – The EUR/GBP trades at its daily lows, due to dismal German labor data, spicy Cameron comments ‘flirting’ with war in Syria and … as expected post Carney speech.

The EUR/GBP collapses, as Cameron said that ‘beyond doubt Syrian government used chemical weapons’. In addition to ‘spicy’ comments from England’s Prime Minister, the sterling found solid ground today against the single currency, as German employment data let down traders all around the globe. Meanwhile, the Bundesbank cut the annual growth forecast for 2013 in June to 0.3%, despite predicting a gradual recovery for the rest of the year. …read more