EUR/GBP rises after 6-day slide

FXStreet (Córdoba) - The EUR/GBP peaked during the European session at 0.8183 reaching the strongest level since May 8 and then retreated slightly. The decline from the highs found support around 0.8170 and currently trades at 0.8175, 30 pips above yesterday’s closing price and 50 pips above daily lows.

EUR/GBP rebounds sharply from fresh multi-month lows

Cable weakened after the release of the quarterly inflation report of the Bank of England. Earlier strengthened pushing the EUR/GBP to 0.8126, a fresh 16-month low.

The Euro is about to post the first daily gains against the Pound after falling in the previous six trading days.