FXstreet.com (Barcelona) - In a high volatile session Euro turn back higher following U.S. stocks after falling close to the key 1.2500 level, tough barrier where future options are being defended. Despite the strength the currency shown early in the American session, supported by positive stocks, neither of them managed to hold gains. Dow Jones closes again in the red side for eight day in a row, while Euro is unable to move above the 1.2600 level, and still pushing lower. Risk appetite continues driving market's swings in the intraday, and currencies seem unable to perform by their own local fundamental factors.
Gbp close the day with soft winnings against Dollar and Japanese Yen, but the currency will remain under pressure until next Thursday rate decision. BOE is expect to cut rates to an historical low at 0.5% while begin applying quantitative easing to boost economy.