Forex: EUR/GBP little changed on ECB

The pair reverted initial gains on Thursday, after the ECB acted in line with the broad consensus, leaving the refi rate unchanged at 0.75%. The FX community would now shift its attention to President Draghi’s press conference, looking for any catalyst to break the lull either way.

At the moment, the cross is losing 0.03% at 0.8632 with the next support at 0.8616 (low Feb.6) ahead of 0.8602 (MA10d) and then 0.8555 (low Feb.5).
On the flip side, a break above 0.8681 (high Feb.6) would open the door to 0.8701 (high Feb.4) and finally 0.8717 (high Feb.1).