• EUR/GBP retreats

Market news

22 December 2010

EUR/GBP retreats

EUR/GBP moves above Tuesday's high at stg0.8519, as cable struggles to keep in step with euro-dollar's rally (reacting to a press report suggesting China ready to buy between E4-5bln Portuguese debt). The cross moves up to stg0.8523. Stronger resistance noted at stg0.8530. Cross currently holds at stg0.8505.

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