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2 Dec 2014
EUR/GBP climbs to fresh daily highs
FXStreet (Córdoba) - A fresh wave of selling pressure hit the pound, that extended intraday losses to fresh lows versus main rivals.
EUR/GBP bounced off the 0.7910 area and climbed to a fresh daily high of 0.7940, before the 10-day SMA offered resistance. EUR/GBP has turned intraday positive and it is currently trading at 0.7935, recording a 0.13% gain on the day.
On the data front, disappointing figures came out from both UK and the Eurozone. UK Construction PMI dropped to 59.4 in November from 61.4, while EZ producer price index declined at its fastest pace in a year, by 0.4% in October.
EUR/GBP bounced off the 0.7910 area and climbed to a fresh daily high of 0.7940, before the 10-day SMA offered resistance. EUR/GBP has turned intraday positive and it is currently trading at 0.7935, recording a 0.13% gain on the day.
On the data front, disappointing figures came out from both UK and the Eurozone. UK Construction PMI dropped to 59.4 in November from 61.4, while EZ producer price index declined at its fastest pace in a year, by 0.4% in October.