EUR/GBP holding 0.8800 as ECB’s Draghi speaks in Florence


  • ECB’s President Mario Draghi is speaking at the University in Florence.

  • EUR/GBP got a strong boost on GBP weakness after the BoE’s dovish comments on Thursday.

The EUR/GBP is trading at 0.8811 virtually unchanged on Friday.

In the European session, the EUR/GBP slid down to the 0.8790 level to find buyers who brought the pair back above the 0.8800 level. 

Mario Draghi, the President of the European Central Bank is currently delivering a speech in Florence at the 8th edition of The State of the Union, organized by the European University Institute at 13:15 GMT. 

It can be viewed here: https://stateoftheunion.eui.eu/

Looking back, the EUR/GBP got a strong boost on Thursday on the back of dovish comments by the Bank of England. 

EUR/GBP levels to watch

The medium-term trend is bullish. Resistance is seen at 0.8836 and at 0.8900 supply level while support is seen at 0.8790 low of the day and at 0.8730 swing low. 

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