21 May 2015
EUR/GBP bears chuffed with this outcome
FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7098 with a high of 0.7168 and a low of 0.7090.
EUR/GBP is consolidated on the offer after Sterling wiped the board clean on the back of strong Outperforming on the back of stronger retail sales and MPC changes with McCafferty returning to the table who was a hawk on his last appointment calling for a hike in august 2014 until December last year. Retail sales was the catalyst on very strong numbers of 1.2% vs 0.4% and beating -1.7% previous while markit services and manufacturing in the EZ were mostly disappointing country to country but Markit Manufacturing PMI (May) was a relief at 52.3 vs 52.0 expected and previous.
EUR/GBP is technically offered below the April lows if 0.7123/18 and will remain in bears territory below the 0.7321 pivot line. we are now looking directly in to the eye of the MArch lows of 0.7015.
EUR/GBP is consolidated on the offer after Sterling wiped the board clean on the back of strong Outperforming on the back of stronger retail sales and MPC changes with McCafferty returning to the table who was a hawk on his last appointment calling for a hike in august 2014 until December last year. Retail sales was the catalyst on very strong numbers of 1.2% vs 0.4% and beating -1.7% previous while markit services and manufacturing in the EZ were mostly disappointing country to country but Markit Manufacturing PMI (May) was a relief at 52.3 vs 52.0 expected and previous.
EUR/GBP is technically offered below the April lows if 0.7123/18 and will remain in bears territory below the 0.7321 pivot line. we are now looking directly in to the eye of the MArch lows of 0.7015.