Euro: The Euro has also seen slippage against the Greenback. The single currency came under early pressure yesterday as sell order in place just under 1.3800 saw the currency pair dip. It was the same story for the Euro as it was for the Pound as we entered the US session, US Dollar strength on the back of positive data saw the currency pair fall further. Stops in place around 1.3600 for EUR/USD were broken and we now sit lower at 1.3554 this morning. Sterling gained against the Euro during yesterday session. The Greece situation once again having a negative effect on the Euro, but seems more so than the UK unemployment data on the Pound. GBP/EUR is back up at 1.1522 currently.
- I expect a range today in the GBP/EUR rate of 1.1440 to 1.1560
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