FXstreet.com (Barcelona) – The Euro is enjoying the Pound weakness after the BoE minutes of the Nov 4/5 meeting was released today's morning. The EUR/GBP has jumped around 55 pips in the minutes following the report from 0.8865 to break MA55 hourly chart at 0.8890, trade above 0.8900 level and hit intra-day high at 0.8910.
Currently the pair is trading around 0.8880/90, 0.45% above today's opening price action at 0.8850.
The Pound dropped across the board in a matter of minutes after the release of Bank of England's minutes released three ways in scale of bonds purchasing in the minutes of the meeting held on the 4 and 5 of August.
The BoE voted unanimously to keep on hold its interest rate decision in the last interest rate meeting. The increased in QE was voted 7-1-1, with Miles voted to rises bond buys to GBP 215 Bln and Dale asking to keep QE at GBP175 Bln.
* EUR/GBP
EUR/GBP (Nov 18 at 11:18 GMT)
0.8888/89 (0.45%)
H 0.8909 L 0.8836
S3 S2 S1 R1 R2 R3
0.8846 0.8868 0.8890 0.8901 0.8924 0.8946
[?]Trend Index [?]OB/OS Index
Slightly Bullish Neutral
Data updated on Nov 18 at 11:10 (15-minute timeframe)
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