FXStreet (Córdoba) – The euro recovered ground during the American session and erased losses against the pound. EUR/GBP dropped earlier to 0.7265, reaching a 4-day low, but quickly rose back above 0.7300.
The pair climbed to 0.7341 (daily high) and during the last hours it has been steady hovering round 0.7325/30, at the same level it closed yesterday but almost a hundred pip above where it was a week ago.
EUR/GBP is about to rise for two weeks in a row for the first time since December 2014. The pound and the US dollar have been the worst currencies during the last five days.
Greece sends reform list
According to reports, the Greek government sent to its creditors it list of reforms. European Union and International Monetary Fund officials will start the examination probably today. Athens is looking to unfreeze financial aid in order to avoid a default.
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