EUR/GBP slips to near 2-year low while GBP/USD nears $1.30 mark and EUR/USD stalls
EUR/GBP slips to near 2-year low while GBP/USD nears $1.30 mark and EUR/USD stalls post former president Trump assassination attempt.
EUR/GBP slips to near 2-year low
EUR/GBP's fall through its £0.8398 June low has taken it to a level last traded in August 2022 at £0.8378. Below it sits the £0.8367 May and £0.834 August 2022 troughs.
Minor resistance is now seen at the £0.8398 mid-June low, followed by the late June lows at £0.8430-31.
GBP/USD is about to hit the $1.30 mark
GBP/USD is about to touch the $1.30 mark around which it is likely to at least short-term stall
Minor support can be spotted at the $1.2861 June peak.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices
