Forex Pros – The Euro was higher against the British Pound on Friday after the release of euro zone data on German Ifo Business Climate Index.
EUR/GBP was trading at 0.8916, up 0.08% at time of writing.
The pair was likely to find support at 0.8790, Monday’s low, and resistance at 0.8953, Wednesday’s high.
Earlier in the day, data showed that Germany’s Ifo business climate rose unexpectedly to 114.5 last month, from 114.2 in the preceding month.
Analysts had expected German Ifo business climate to fall to 113.4 last month.
Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.01% to hit 1.4255 and EUR/JPY falling 0.11% to hit 114.65.
ForexPros.com
