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31 Dec 2014
EUR/GBP sets 2014 low during last session of the year
FXStreet (Córdoba) - EUR/GBP extended losses during the last trading session of the year and hit its lowest level since July 2012, as the euro weakened across the board.
The shared currency is among worst performers Wednesday, falling to multi-month lows versus major competitors. EUR/GBP broke below the 0.7770 support area and stretched as low as 0.7759 before finding some respite.
At time of writing, the pair is trading at 0.7765, recording a 0.56% decline on the day and on track to post a 6% annual loss.
Expectations the European Central Bank could launch a full-blown QE program early in 2015 have been weighing on the shared currency that ends the year on the back foot.
The shared currency is among worst performers Wednesday, falling to multi-month lows versus major competitors. EUR/GBP broke below the 0.7770 support area and stretched as low as 0.7759 before finding some respite.
At time of writing, the pair is trading at 0.7765, recording a 0.56% decline on the day and on track to post a 6% annual loss.
Expectations the European Central Bank could launch a full-blown QE program early in 2015 have been weighing on the shared currency that ends the year on the back foot.