Despite the relatively defined moves so far this morning, with headline BoE and ECB Rate Decisions ahead, price action feels quite lacking of momentum so far. The French 10 year Bond Auction has come in with yields rising from 2.21% to 2.28% whilst Spain has sold €3.992bln of 2, 3 and 5 year debt with yields falling in the 2 and 5 year bonds but rising in the 3.
Until the BoE decision later this morning at 11;00 GMT, the economic calendar is free. Forex Ticket analysts see the pair ranging between 1.2970 and 1.2835 with additional support and resistance at 1.3010 and 1.2805.
European stocks are firmly in the red this morning with The DAX down 0.32% whilst commodities have taken a different path and are generally mixed to higher with Gold up 0.45%. Critical Spanish and Italian yields are up and down 1.36% and 0.12% respectively.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.