The Euro is rising for 4th consecutive day against the Pound, on track to post the sharpest weekly advance since October amid optimism over a new bailout deal for Greece and on prospects that the BOE is likely to keep interest rates at record lows after a set of negative indicators from the UK was released this week.

EUR/GBP has managed to break above 0.8900 on Friday and is poised to end the day above that level, posting an over 2.7% weekly gain. At time of writing, the cross is at 0.8914, having risen near 240 pips since Monday.



Source: FXCC