Market News

Euro Slides To 4-day Low Against Pound

Sep 11 2012 05:31:02 GMT
By
Stanimir Zhelev , ForexBrokerz.com Find me on Google+

In the late Asian session on Tuesday, the euro fell against the British pound as traders became cautious ahead of German court ruling on the Eurozone's bailout fund.

Germany's Federal Constitutional Court is due to rule tomorrow on a request for a temporary injunction against Europe's permanent bailout fund.

The euro declined to a 4-day low of 0.7978 against the pound, compared to Monday's close of 0.7981. If the euro weakens further, it may target 0.79 level.

The material has been provided by Instaforex Company - instaforex.com

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