Very subdued trading and we’ve been in a tight 50 pip range. We’ve slid to 1.3239 as the hangover from the GDP party kicks in (yes I’m being sarcastic). Yesterdays lows held up ahead of 1.3230 and that also represents the low on the 5th August. It’s looking a bit soft is the old Euro. If coming out of recession can’t give teflon a kick up then perhaps we should be looking down.
EUR/GBP is also looking to test yesterdays lows towards 0.8535 as the UK knows how to jive after decent data.
Euro party
UK party
