Forex | Forex | Forex: EUR/GBP declines to 0.8730 ahead the ECB rate decision (03/09/2009 11:20:00)

Forex: EUR/GBP declines to 0.8730 ahead the ECB rate decision

FXstreet.com (Barcelona) – Euro has extended its declines against the Sterling during the European session on the back of the expected ECB rate decision to leave interest rates unchanged at 1.00%. EUR/GBP has fallen 50 pips from 0.87.80 intra-day high reached in the Asian session to post daily los at 0.87.28.

Currently the pair is trading around 0.8730/40, 0.35% below today's opening price action, after finding support at 0.8730 in the last two hours.
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