EUR/GBP keeps the buoyancy intact today, hovering over the 0.8600 handle after climbing to weekly highs near 0.8630 on Wednesday.

EUR/GBP attention to Draghi and Carney

The European cross is now looking to consolidate around current levels following the better tone in both the Sterling and the single currency, all against the backdrop of a broad-based offered bias around the buck after the FOMC meeting.

Next of relevance will be the speeches by BoE’s Carney, Forbes and Cunliffe, while President Draghi and board member Lautenchlager are also due to speak later. On the data front, EMU’s advanced Consumer Confidence is expected to improve a tad to -8.2 for the current month.

EUR/GBP key levels

The cross is now gaining 0.13% at 0.8596 and a breakout of 0.8642 (78.6% Fibo of Aug-Sep drop) would aim for 0.8727 (2016 high Aug.16). On the other hand, the next support lines up at 0.8494 (20-day sma) ahead of 0.8416 (low Sep.13) and finally 0.8329 (low Jun.9).