Forex: EUR/GBP stays below 0.8100 after UK CBI Orders

FXstreet.com (Barcelona) - Having peaked at 0.8116 high, the EUR/GBP came down across the chart to test the 0.8100 handle during the London morning, reaching a low at 0.8093 before returning to the psychological level, where the market currently sits.

The UK Orders survey provided by CBI Industrial Trends beat consensus by improving from -21 to -12 in December, instead of coming in at -16.

UBS analysts are neutral on the EUR/GBP: “The momentum tools are threatening to cross higher, indicating a potential test of resistance at 0.8148/69”, wrote analyst Geoffrey Yu, pointing to support at 0.8062 ahead of 0.8032.

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