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26 Apr 2013
Forex: EUR/GBP establishing fresh session highs at 0.8446/50
FXstreet.com (Barcelona) - The EUR/GBP has edged higher Friday to establish fresh highs during European trading. After yesterdays plunge, the pair has now shown some tepid manner of recovery, rising to 0.8446/50 in these moments, notching a gain of +0.18%.
Tracking the rise of the EUR/GBP, Mataf.net analysts point to resistances at 0.8499, ahead of 0.8578, and finally 0.8622. On the decline, a break below 0.8376 will enable short-term support at 0.8332 and 0.8253.
In the EMU, the M3 Money Supply (3M) came in at +3.0% in March, compared with a figure of +3.4% previously. Moreover, the M3 Money Supply (YoY) yielded only +2.6%, missing estimates of +3.0%. Finally, Private Loans (YoY) fell -0.8%, matching projections.
Tracking the rise of the EUR/GBP, Mataf.net analysts point to resistances at 0.8499, ahead of 0.8578, and finally 0.8622. On the decline, a break below 0.8376 will enable short-term support at 0.8332 and 0.8253.
In the EMU, the M3 Money Supply (3M) came in at +3.0% in March, compared with a figure of +3.4% previously. Moreover, the M3 Money Supply (YoY) yielded only +2.6%, missing estimates of +3.0%. Finally, Private Loans (YoY) fell -0.8%, matching projections.