FXstreet.com (Córdoba) - The Pound is consolidating important gains against the Euro on Wednesday. EUR/GBP tumbled from a 2-week high to a 1-week low. The pair found resistance at 0.9055 (intra-day high) and plunged more than 130 pips to 0.8910, reaching the lowest price in more than a week. Currently trades at 0.8914/18, 1.17% below today's opening price. The pair is headed toward the biggest daily loss in two months.
To the downside support could be located at 0.8880/85 (Dec 22 low) and below at 0.8850. On the upside resistance levels lie at 0.8945/50 and above at 0.9000.