Forex | Forex | Forex: EUR/GBP: Euro rallied to 0.8550 after BoE monetary Policy decission (06/08/2009 12:04:00)

Forex: EUR/GBP: Euro rallied to 0.8550 after BoE monetary Policy decission

FXstreet.com (Barcelona) - The Euro has soared against the Pound, jumping from levels around 0.6485 to 0.8550 intra-week high, after the BoE announced the plan to extend its quantitative easing program.

At the moment, the Euro trades right above at 0.8425, August 4 high, and next resistance levels lie at 0.8550 , above there, 0.8570 and 0.8585. On the downside below 0.8525, next support levels lie at 0.8485, and day low at 0.8460.
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