FXstreet.com (Córdoba) - The Euro failed to hold to gains against the Pound and now is losing ground. EUR/GBP peaked during the Asian session at 0.9065 posting a fresh 2-week high. But the Euro was rejected from those levels and pulled back sharply below 0.9000 and fell to 0.8970 (intra-day low).
Currently the pair trades at 0.8980/85, 0.65% below today's opening price. Cable is rising against the Euro for the first time of the week.
The Sterling is also stronger against the Swiss Franc. GBP/CHF found support at 1.6660 (2-week low) and jumped to levels above 1.6825. The pair has risen more than 150 pips since the beginning of the European session.