EUR/GBP falls to near 1-month low while EUR/USD and GBP/USD rally
EUR/GBP falls to near 1-month low while EUR/USD and GBP/USD rally ahead of UK May GDP and June US CPI data releases.
EUR/USD resumes its ascent
EUR/USD still has the $1.0852 mid-June high in its sights ahead of Thursday’s US consumer price index (CPI) print. It should do so as long as the 200-day simple moving average (SMA) at $1.0802 underpins.
EUR/GBP falls to near 1-month lows
EUR/GBP is in the process of slipping through the late June lows at £0.8431-30, towards the June trough at £0.8398 as investors await the UK May gross domestic product (GDP) reading.
Minor resistance now sits at the 3 July low at £0.8459.
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