20 Feb 2015
EUR/GBP approaches daily lows amid Greece
FXStreet (Córdoba) - EUR/GBP turned again to the downside, after reaching a fresh daily high at 0.7380 and dropped to 0.7349. Currently trades at 0.7360, slightly lower for the day as the euro remains under pressure across the board.
The Eurogroup meeting was postponed for some hours while a German news website reported that the European Central Bank is making preparations for a Greek exit from the Eurozone.
The euro weakened in the market after the report, but attention remains on the Eurogroup meeting that will take place later on Friday. Speculations about the outcome could continue to affect the euro.
The EUR/GBP pair continues to move with a downside bias, trading around 7-year lows. Earlier price bottomed at 0.7338, the lowest level since December 2007.
The Eurogroup meeting was postponed for some hours while a German news website reported that the European Central Bank is making preparations for a Greek exit from the Eurozone.
The euro weakened in the market after the report, but attention remains on the Eurogroup meeting that will take place later on Friday. Speculations about the outcome could continue to affect the euro.
The EUR/GBP pair continues to move with a downside bias, trading around 7-year lows. Earlier price bottomed at 0.7338, the lowest level since December 2007.