Forex: EUR/GBP weighed by Weidmann's dovish comments

FXstreet.com (Córdoba) - The euro came under pressure across the board and surrendered gains versus the pound after Bundesbank's Weidmann said that the ECB could cut rates if economic data continues to deteriorate and that European economy could take a decade to recovery.

EUR/GBP dropped over 60 pips after the comments and slumped to a low 0.8560, having set a high of 0.8636 during the European session. At time of writing, the cross is trading around 0.8565/70, down 0.1% on the day.