FXstreet.com (Córdoba) - Cable is rising further on Friday against the Euro. EUR/GBP is plunging for the second day in a row as the pair continues to moved away from a 2-week high posted yesterday at 0.9063. The pair has fallen 150 pips since then and currently is testing a key support area between 0.8890 and 0.8910. Currently the pair trades at 0.8910/14, 0.45% below today's opening price. If it breaks below the next support is located at 0.8840/35 (Aug 27 / Sept 1 highs).
The Euro has lost previous gains and EUR/GBP trades a few pips below the price it had at the beginning of the week.