EUR/GBP plummets to 2-month lows

FXStreet (Córdoba) - EUR/GBP accelerated to the downside and fell to 0.7781, hitting the lowest price since October 1. The pair remains near the lows, under pressure.

While GBP/USD advances above 1.5600 to weekly highs, EUR/USD remains steady, hovering around 1.2150. The pound is among the best performers on Wednesday.

EUR/GBP eyes 2014 lows

It the pair ends the day around current price or under, it would post the lowest daily close since July 2012, more than 500 pips below the level it had a year ago.

The euro is falling for the second day in a row versus the pound and it has approached 2014 lows that lie at 0.7764.

Dec 31, 2014

India: Fiscal arithmetic gets tougher – Nomura

The Research Team at Nomura notes that it would be challenging for India to reach the proposed fiscal deficit target of 4.1% of GDP in FY 15 after today’s data highlighted that the deficit already reached 98.9% in the first 8 months of the yearly target.

GBP/USD climbs above 1.5600

The pound picked up momentum and rose across the board, with GBP/USD breaking above the 1.5600 level and EUR/GBP falling below 0.7800 entering the last trading hour of the year in London.