fxstreet.com 11 Feb, 2021 16:45 am

EUR/GBP eyes test of weekly highs as sterling loses some shine

EUR/GBP eyes test of weekly highs as sterling loses some shine
EUR/GBP has edged higher on Thursday, primarily as a result of slight underperformance in pound sterling. Bulls will be eyeing a test of a key area of

FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.EUR/GBP has edged higher on Thursday, primarily as a result of slight underperformance in pound sterling.EUR/GBP has edged higher on Thursday, primarily as a result of slight underperformance in pound sterling.

Driving the day Sterling is one of the underperforming G10 currencies alongside USD and JPY on Thursday; concerns regarding the EU and UK’s future relationship regarding trade in services is in the spotlight after EU Chief Brexit Negotiator Michelle Barnier said that the EU needs more clarification from the UK before any it makes any decision on financial services equivalence (which would grant UK financial institutions access to EU financial markets).Thus, a failure of the two sides to agree a services trade deal is likely to weigh on the UK economy in the medium term, and there are already signs that this might have begun; Amsterdam overtook London in January to become Europe’s largest share trading centre in January, seeing a average of EUR 9.

Read full story at fxstreet.com