FXstreet.com (Barcelona) - The pair is navigating the lower end of the range so far, threatening the 0.8050 level as of writing.
Both the sterling and the euro are grinding lower on Tuesday, as risk aversion is creeping back to the markets. The cross is retreating for the second consecutive session, taking a breather in the pronounced upside started in late July.
Inflation figures are due later on, with the headline expected to come a hair lower at +2.5% YoY. The BoE will also publish its inflation letter.
EUR/GBP is now losing 0.15% at 0.8059, with the next support at 0.8038 (low Sep.14) ahead of 0.7995 (MA10d) and 0.7967 (low Sep.11).
On the upside, a break above 0.8114 (high Sep.14) would expose 0.8146 (MA200d) and 0.8163 (high Jun.11).
Both the sterling and the euro are grinding lower on Tuesday, as risk aversion is creeping back to the markets. The cross is retreating for the second consecutive session, taking a breather in the pronounced upside started in late July.
Inflation figures are due later on, with the headline expected to come a hair lower at +2.5% YoY. The BoE will also publish its inflation letter.
EUR/GBP is now losing 0.15% at 0.8059, with the next support at 0.8038 (low Sep.14) ahead of 0.7995 (MA10d) and 0.7967 (low Sep.11).
On the upside, a break above 0.8114 (high Sep.14) would expose 0.8146 (MA200d) and 0.8163 (high Jun.11).
