- The pound under pressure affected by the problems in the United Kingdom.
- EUR / GBP recovers key technical levels and could test 0.8600.
The EUR / GBP is rising significantly on Tuesday driven by a sharp decline in the British pound throughout the market.. The cross is about to hit 0.8600, and is trading at day highs, after having been hours behind at weekly lows.
After reaching 0.8524, the lowest in one week, the EUR / GBP changed direction and is currently trading at a high since Wednesday at 0.8596. A confirmation above 0.8600 would point to more gains in the short term.
The EUR / GBP advance is behind the weakness of the pound. The problems in the United Kingdom With the fuel supply it is generating growing problems and worsening the economic prospects had the future.
GBP / USD is below 1.3600, lows in months and a bearish acceleration could take EUR / GBP above 0.8600; at 0.8612 is the maximum of this month. Just a comeback below 0.8560 would ease the bullish pressure.
Technical levels
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