EUR/USD, EUR/GBP rise while GBP/USD recovery stalls
EUR/USD, EUR/GBP rise while GBP/USD recovery stalls as UK unemployment falls to 4.2%.
![GBP](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/news-article-image-folder/Adobe_GBP_07-11-2024.jpg/jcr:content/renditions/original-size.webp)
![EUR/USD chart](http://a.c-dn.net/c/content/dam/igcom-websites/en_GB/charts/2024/08/14/EURUSD_2024-08-14_06-17-22.png/jcr:content/renditions/original-size.webp)
EUR/GBP recovers from Tuesday's low
EUR/GBP descent to Tuesday's £0.8531 low is being followed up by a recovery rally with the £0.8575-79 region being eyed. Key resistance remains to be seen between the April-to-August peaks at £0.8624-to-£0.8644.
Immediate upside pressure should remain in play while Tuesday's low at £0.8531 underpins. The 200-day simple moving average (SMA) at £0.8553 should offer support on Wednesday.
![EUR/GBP chart](http://a.c-dn.net/c/content/dam/igcom-websites/en_GB/charts/2024/08/14/EURGBP_2024-08-14_06-18-11.png/jcr:content/renditions/original-size.webp)
GBP/USD recovery stalls
GBP/USD recovery off its $1.2665 early August low is short-term fizzling out at Tuesday's $1.2873 high and may revisit the 55-day SMA at $1.2785.
Above $1.2873 lies the $1.2888-to-$1.2938 resistance area, made up of the late July highs.
![GBP/USD chart](http://a.c-dn.net/c/content/dam/igcom-websites/en_GB/charts/2024/08/14/GBPUSD_2024-08-14_06-25-37.png/jcr:content/renditions/original-size.webp)
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.
![](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/ContentImage/Forex global component NA banner.jpg/jcr:content/renditions/original-size.webp)
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