EUR and GBP

Euro and Great Britain Pound: The US Dollar is also a lot stronger against the single currency this morning. Buy and sell orders dominated movement for the currency pair for most of the UK session yesterday. Buy interest established early at 1.3500 and then sell orders at 1.3600 / 1.3650 saw EUR/USD jump between the two. The news from the Fed saw the currency pair break this range and dip below 1.3500. No change this morning as the pair opens at 1.3478. Sterling’s gains against the Euro on Wednesday were turned around overnight. The continuous poor UK data not helping the Pound and as such we see GBP/EUR open at 1.1420.

- I expect a range in the GBP/EUR rate of 1.1350 to 1.1520