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.
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 assets. 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 Open Markets 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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.