Mar 21, 2013
Forex: EUR/GBP downside held by 0.8500 after UK data
The data load from the UK and the EMU has been fully released and the EUR/GBP was able to hold against further downside at the 0.8500 psychological level. Today’s drop from 0.8566 opening level was due to EUR weakness on Markit PMI data and GBP strength on improving UK retail sales.
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