Forex: EUR/GBP at 0.7859

FXstreet.com (Barcelona) - The improved sentiment has brought the EUR/GBP to 0.7862 high so far as the light volume trading is volatility friendly.

Greece surprised the market with an improving Q2 GDP, from -6.5% to -6.2%, instead of widening the contraction to -7.0% as expected.

Commerzbank analysts are bearish while the cross remains below 0.7963 (August high): “EUR/GBP has slipped through its one month support line at 0.7859 and has the current August trough at 0.7852 in view”, wrote analyst Axel Rudolph.

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