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Mar 29 - 08:55 AM

EUR/GBP - Rises To Highest Level Since March 17 BoE Hike Day

By Rob Howard  —  Mar 29 - 06:40 AM
  • EUR/GBP reaches 0.8440 after rising further from 0.8322 (Monday's low)

  • 0.8440 is highest level since March 17 (when BoE delivered 'dovish hike')

  • Euro stronger as Russian/Ukrainian negotiators meet in Turkey nL5N2VV66A

  • Monday's relatively dovish comments from BoE Governor Bailey weigh on GBP

  • See: nL5N2VV34I. 0.8457 and 0.8471 (200DMA) are EUR/GBP resistance levels

  • 0.8457 was five-week high on March 17. 0.8400 is now a support point

EURGBP Click here

Source:
Refinitiv IFR Research/Market Commentary

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