Investing.com - The euro rose against the pound on Tuesday as word broke that European finance officials had approved granting Greece a EUR130 billion bailout package.
In early Asian trading on Tuesday, EUR/GBP hit 0.8367, up 0.16%, gaining from a session low of 0.8341 and off from a high of 0.8370.
The pair was likely to test support at 0.8316, Monday's low, and resistance at 0.8402, last Wednesday's high.
The euro began to dip earlier in the session as European policymakers analyzed terms of the bailout package but shot up when news hit the wire the funding had been approved.
The rescue package will help Greece avoid a messy default.
The euro, meanwhile, was up against the dollar and up against the yen, with EUR/USD gaining 0.29% to 1.3276 and EUR/JPY up 0.47% at 105.94.
The Greece bailout deal will continue to serve as the market's top weather vane on Tuesday.
In Europe, Switzerland is to produce government data on trade balance while the U.K. is to release official data on public sector net borrowing.
Eurozone consumer confidence figures are due out as well.
In early Asian trading on Tuesday, EUR/GBP hit 0.8367, up 0.16%, gaining from a session low of 0.8341 and off from a high of 0.8370.
The pair was likely to test support at 0.8316, Monday's low, and resistance at 0.8402, last Wednesday's high.
The euro began to dip earlier in the session as European policymakers analyzed terms of the bailout package but shot up when news hit the wire the funding had been approved.
The rescue package will help Greece avoid a messy default.
The euro, meanwhile, was up against the dollar and up against the yen, with EUR/USD gaining 0.29% to 1.3276 and EUR/JPY up 0.47% at 105.94.
The Greece bailout deal will continue to serve as the market's top weather vane on Tuesday.
In Europe, Switzerland is to produce government data on trade balance while the U.K. is to release official data on public sector net borrowing.
Eurozone consumer confidence figures are due out as well.