Analysts at TD Securities point out that a mix of data and political headlines have dinged the European currency complex.
Key Quotes
“The EUR has taken the brunt of the drubbing, reflecting a poor set of PMI data. It made another push below 1.14 as a consequence and HFFV points to buying interest around 1.13. GBPUSD, for its part, still remains a buy on dip even though Brexit headlines increase two-ways risks.”