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5 Feb 2015
EUR/GBP clings to 0.7500 on BoE
FXStreet (Edinburgh) - EUR/GBP remains on the positive ground following the BoE decision, currently hovering over the 0.7500 handle.
EUR/GBP regained 0.7500
A better performance of the shared currency is sustaining the recovery in the European cross, clinging to the 0.7500 mark after the BoE left unchanged its monetary policy in today’s meeting. The central bank left intact the refi rate at 0.5% and the asset purchase facility at £375, in line with the broader consensus.
EUR/GBP relevant levels
At the moment the cross is up 0.06% at 0.7495 with the next up barrier at 0.7538 (61.8% of 0.7592-0.7450) ahead of 0.7574 (high Feb.4) and then 0.7592 (high Feb.3). On the upside, a breakdown of 0.7450 (76.4% of 0.7406-0.7592) would target 0.7443 (low Jan.29) en route to 0.7436 (low Jan.27).
EUR/GBP regained 0.7500
A better performance of the shared currency is sustaining the recovery in the European cross, clinging to the 0.7500 mark after the BoE left unchanged its monetary policy in today’s meeting. The central bank left intact the refi rate at 0.5% and the asset purchase facility at £375, in line with the broader consensus.
EUR/GBP relevant levels
At the moment the cross is up 0.06% at 0.7495 with the next up barrier at 0.7538 (61.8% of 0.7592-0.7450) ahead of 0.7574 (high Feb.4) and then 0.7592 (high Feb.3). On the upside, a breakdown of 0.7450 (76.4% of 0.7406-0.7592) would target 0.7443 (low Jan.29) en route to 0.7436 (low Jan.27).