Forex | Forex | FX: BoE decision blocks EUR/GBP rebound (10/07/2009 07:31:23)

FX: BoE decision blocks EUR/GBP rebound

On Wednesday, the EUR/USD currency pair was well bid. As usual, part of the gains could be explained by the constructive stock market sentiment. European stocks on average showed decent gains and the S&P is still holding above the key 875 support area. Sentiment is still fragile but this cautiously positive environment gave the euro downside protection. Later in the session, the better than expected (lower) jobless claims release added to this positive sentiment. At time of the European


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