15 Jul 2015
EUR/GBP trims losses near 0.7040
FXStreet (Edinburgh) - EUR/GBP is now attempting a tepid rebound to the 0.7035/40 band following some sort of recovery of the single currency.
EUR/GBP attention to Greece, UK data
Greece will take centre stage once again on Wednesday, as the Parliament is due to vote on the recent bailout package. Expectations are tilted for a positive outcome, although the recent effervescence within Syriza has rung some alarms around its potential vote.
On the GBP-side, UK’s key labour market figures are due, with consensus expecting the Claimant Count Change to have decreased by 8.8K and the jobless rate to stay put at 5.5% in the three months ended in May.
EUR/GBP key levels
At the moment the cross is down 0.02% at 0.7039 with the next support at 0.7025 (low Jul.15) ahead of 0.7000 (psychological level) and finally 0.6988 (2015 low Jun.29). On the upside, a breakout of 0.7048 (high Jul.15) would open the door to 0.7202 (high Jul.13) and then 0.7226 (high Jul.10).
EUR/GBP attention to Greece, UK data
Greece will take centre stage once again on Wednesday, as the Parliament is due to vote on the recent bailout package. Expectations are tilted for a positive outcome, although the recent effervescence within Syriza has rung some alarms around its potential vote.
On the GBP-side, UK’s key labour market figures are due, with consensus expecting the Claimant Count Change to have decreased by 8.8K and the jobless rate to stay put at 5.5% in the three months ended in May.
EUR/GBP key levels
At the moment the cross is down 0.02% at 0.7039 with the next support at 0.7025 (low Jul.15) ahead of 0.7000 (psychological level) and finally 0.6988 (2015 low Jun.29). On the upside, a breakout of 0.7048 (high Jul.15) would open the door to 0.7202 (high Jul.13) and then 0.7226 (high Jul.10).