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EUR/GBP update (19th April 2017, 12:00)

EUR/GBP pushed up by uncertain French election.

EUR/GBP pushed up by uncertain French election.

The sharp drop in EUR/GBP since the March high has gone relatively unnoticed, but with the French election looking tough to call, euro weakness and sterling strength have combined to push the pair back to £0.8304, last seen in mid-November.

A break below here opens the way to £0.8251 and then £0.8117. We can expect some resistance to materialise around the £0.85 level, and then at £0.8550.


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EUR/GBP update (19th April 2017, 12:00)

EUR/GBP pushed up by uncertain French election.

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