EUR/GBP rises in the vicinity of the 2-month high, EU CPI in focus

FXStreet The EUR/GBP is building on its strong recovery from the middle of the 0,8600 on, and so he approaches the more than 2-month high on last Friday, was formed.

Currently, the trade takes place to 0,8735, while concerned about the financial Situation of Greece declined, the Greek Finance Minister, Euclid Tsakalotos on Tuesday denied the report, which said that it will not make the next debt repayment, if the lender is a debt relief is not agree to.

ECB’s Coeure: discussion of the debt of Greece is in about a week to be completed

Meanwhile, the selling pressure is increasing against the British pound, after the last polls showed that the conservative party of PM May in the elections on may 8. June will miss the majority in the Parliament narrowly miss.

Next are the UK and the Euro zone Inflation in focus, what is the impact on the EUR/GBP.

Important Levels

Resistances lie at 0,8750, 0.8800 for and 0,8770-75. On the other hand, supports are located at 0,8710/0,8700, 0,8670 and 0,8655/50 (yesterday’s Low).

** FXStreet News Editorial, FXStreet**

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