FXstreet.com (Barcelona) - Although the Euro is trading lower and printing new daily lows, the British Pound is in a harder plunge as the Libor scandal in the UK puts BoE members on the line and investors away.
Former BOE ultradove David Blanchflower bets on a £75B QE in tomorrow’s policy announcement. The EUR/GBP is now edging higher on the day and closer to the 20-day moving average at 0.8049.
Mataf.net analysts point to resistances at 0.8045, 0.8070 and 0.8095. On the downside, supports might be found at 0.8020, 0.8005 and 0.7985.
