Thursday, 29 January 2015

Forex Market: EUR/GBP daily trading forecast

Yesterday’s trade saw EUR/GBP within the range of 0.7513-0.7433. The pair closed at 0.7489, gaining 0.48% on a daily basis.
At 7:11 GMT today EUR/GBP was down 0.07% for the day to trade at 0.7485. The pair held in a daily range of 0.7472 – 0.7497.
Fundamentals
Euro area
French consumer confidence
Confidence among consumers in France probably improved in January, with the respective index coming in at a reading of 91.0, according to the median forecast by experts, from 90.0 in December. If so, this would be the highest level of confidence since May 2012.

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