- The pound is once again the best performing currency in the face of a possible Brexit deal.
- EUR / GBP extends decline to find support at 0.8950.
EUR / GBP fell to 0.8950, hitting the lowest level since December 1, then bounced closer to 0.9000. It is trading around 0.8985, with the focus on Brexit-related issues.
A agreement between the United Kingdom and the European Union seems to be very close. This has been driving the pound throughout the market. In the last hour, the British currency moderated the advance as headlines appeared that talks are still missing.
The day of Thursday has Brexit and the pound crosses as a point of attraction, since the rest of the market moves in small ranges. The bags close earlier and on Friday they will be closed for Christmas.
The EUR / GBP has had a week of high volatility, in which it went from levels above 0.9200 to fall below 0.9000. Finishing at these levels would be the best week for the pound against the euro in months. Even so, it continues to trade sideways in a wide range between 0.8860 and 0.9200.
Technical levels
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