- EUR / GBP again presses the 0.8550 support.
- Euro and pound fall against the dollar on Friday.
EUR / GBP fell in the European session to 0.8534, just above the one-year low that reached 0.8532 on Thursday. Then it came back about 0.8550 and it is trading at 0.8555, in neutral ground for the day, maintaining the long-term downtrend and pressure above 0.8550.
Still down after the BoE
The Bank of England meeting on Thursday had a more dovish tone as expected. It kept policy unchanged and did not show much concern about rising yields, indicating that it reflects the shift in economic expectations.
In the rest of Europe, the issue is vaccination which continues to experience delays, making the imposition of new restrictions on activity more likely to curb coronavirus infections.
With respect to Brexi, the specialized press reported that there could be an agreement on financial regulation by the end of the month. This is the flip side of the tensions over vaccines and Northern Ireland.
Technical levels
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