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EUR / GBP falls below 0.9000 to lows in a week before Brexit

  • The pound remains firm in the market in the last day of the year and before Brexit.
  • EUR / GBP on its way to close the year with a 500 pip advance.

He EUR / GBP is falling for the third day in a row and is trading below 0.9000, on the day before Brexit. The deal at the last minute gave the pound some relief, but there are still doubts about the impact of the new paradigm on relations between the UK and the European Union.

The price of the cross fell to 0.8975 in the European session, the lowest level in a week. EUR / GBP remains below 0.9000, with a bearish tone in the short term, targeting the 0.8950 zone. For now, the crossing does not show great anxiety in the face of real Brexit.

EUR / GBP closes 2020 with gains but in range

The impact of Brexit and the pandemic was felt in the English stock market index, the FTSE 100 which had the worst year since the 2008 global financial crisis.

EUR / GBP is on track to end the year with a rise of almost 500 pips, but it has been far from the highs and moving in a wide range for weeks. Key levels loom at 0.8860 and 0.9150. A daily close below the first or above the second would enable an extension of the route.

Technical levels

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