EUR/GBP registers best weekly performance since October

[jacobfx]

The Euro is rising for 4th consecutive day against the Pound, on track to post the sharpest weekly advance since October amid optimism over a new bailout deal for Greece and on prospects that the BOE is likely to keep interest rates at record lows after a set of negative indicators from the UK was released this week.

EUR/GBP has managed to break above 0.8900 on Friday and is poised to end the day above that level, posting an over 2.7% weekly gain. At time of writing, the cross is at 0.8914, having risen near 240 pips since Monday.




Source: [link removed]

[multibank]

It seems that EUR/GBP will has a good fortune

[jen]

Originally Posted by jacobfx

The Euro is rising for 4th consecutive day against the Pound, on track to post the sharpest weekly advance since October amid optimism over a new bailout deal for Greece and on prospects that the BOE is likely to keep interest rates at record lows after a set of negative indicators from the UK was released this week.

EUR/GBP has managed to break above 0.8900 on Friday and is poised to end the day above that level, posting an over 2.7% weekly gain. At time of writing, the cross is at 0.8914, having risen near 240 pips since Monday.




Source: [link removed]

You can link this to the weak USD and the rather firm grasp on the debt crisis in Greece by the European Union of late. Right?!

[jen]

Originally Posted by jacobfx

The Euro is rising for 4th consecutive day against the Pound, on track to post the sharpest weekly advance since October amid optimism over a new bailout deal for Greece and on prospects that the BOE is likely to keep interest rates at record lows after a set of negative indicators from the UK was released this week.

EUR/GBP has managed to break above 0.8900 on Friday and is poised to end the day above that level, posting an over 2.7% weekly gain. At time of writing, the cross is at 0.8914, having risen near 240 pips since Monday.




Source: [link removed]

Hopefully this currency pair will rise above the bad situation it has been pushed into courtesy the stock market crash.