Investing.com - The euro was lower against the pound on Monday, as investors remained wary with the deadline for Greece to agree to bailout terms proposed by the country’s international creditors looming.
EUR/GBP hit 0.8277 during European morning trade, the pair’s lowest since Thursday; the pair subsequently consolidated at 0.8290, shedding 0.37%.
The pair was likely to find support at 0.8274, the low of January 23 and resistance at 0.8338, Friday’s high.
Greek political leaders were holding talks in Athens to discuss whether they can agree to conditions required by the European Union, European Central Bank and International Monetary Fund to meet the requirements for a EUR130 billion aid package.
Over the weekend Greek Prime Minister Lucas Papademos said coalition members had agreed on some conditions, but others still needed to be addressed.
In the U.K., a report by mortgage lender Halifax showed that house prices rose by 0.6% in January, after dropping by a revised 1% the previous month.
The report said that continuing low levels of interest rates have helped support housing demand.
The euro was also lower against the U.S. dollar, with EUR/USD tumbling 0.85% to hit 1.3045.
Later Monday, Germany was to publish official data on factory orders.
EUR/GBP hit 0.8277 during European morning trade, the pair’s lowest since Thursday; the pair subsequently consolidated at 0.8290, shedding 0.37%.
The pair was likely to find support at 0.8274, the low of January 23 and resistance at 0.8338, Friday’s high.
Greek political leaders were holding talks in Athens to discuss whether they can agree to conditions required by the European Union, European Central Bank and International Monetary Fund to meet the requirements for a EUR130 billion aid package.
Over the weekend Greek Prime Minister Lucas Papademos said coalition members had agreed on some conditions, but others still needed to be addressed.
In the U.K., a report by mortgage lender Halifax showed that house prices rose by 0.6% in January, after dropping by a revised 1% the previous month.
The report said that continuing low levels of interest rates have helped support housing demand.
The euro was also lower against the U.S. dollar, with EUR/USD tumbling 0.85% to hit 1.3045.
Later Monday, Germany was to publish official data on factory orders.