Forex: EUR/GBP nears 0.8500

FXstreet.com (Córdoba) - The euro rallied to 2-week high versus the pound, as the British currency weakened across the board during the New York session.

EUR/GBP rose over 60 pips in recent dealings, breaking above the 100-day SMA (0.8480) to print a high of 0.8492 before easing slightly. At time of writing, EUR/GBP is trading around 0.8480, where it records a 0.4% gain on Monday.

Meanwhile, the pound also slumped against the dollar and the yen, falling to 1.5275 and 155.55 respectively.