FXStreet (Edinburgh) – The offered tone around the sterling seems to prevail so far, helping EUR/GBP to clinch daily tops near 0.7140.
EUR/GBP following Greek events
With Greece continuing to be the main driver for the sentiment in the global markets, the cross is now extending its rebound from recent lows following a better mood in the single currency.
The pound has recently been hit in response to poor releases in the UK manufacturing sector and the solid performance of the greenback, all amidst a favourable environment for the risk-off trade.
EUR/GBP key levels
At the moment the pair is up 0.24% at 0.7139 with the next hurdle at 0.7168 (high Jun.29) ahead of 0.7200 (psychological level) and finally 0.7211 (high Jun.22). On the downside, a break below 0.7054 (low Jul.6) would expose 0.6988 (2015 low Jun.29) and then 0.6900 (psychological level).
(Market News Provided by FXstreet)