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EUR/GBP weighed on Euro weakness below 0.8550

FXstreet.com (Barcelona) – The EUR/GBP foreign exchange cross rate is last trading at fresh session lows 0.8534 resuming the selling started Wednesday’s after BoE Carney’s speech, ahead of a busy London session in terms of Euro data related, starting with German retail sales at 06:00 GMT.

EUR/GBP might bounce from the 0.85 support zone

“We have an offer at the key 0.8590 level in case of another retest,” said IFRMarkets analysts, adding: “The bears have shown strength again with the daily close back below this level. Decent support zone surrounding 0.85 suggests a bounce may still come our way.” The cross …read more