EUR/GBP dropped to a new low of 0.7780 following the crash of the euro. The cross further extended its drops and is now only around 30 pips away from the low of 0.7750 seen in July 2012. A break below this level will be the lowest since 2008 and it’s not that far away. Weak inflation data in the euro-zone was the straw the broke the camel’s back. Inflation fell to the lowest cycle low of 0.3% and core inflation to 0.7%. EUR/USD confirmed the break and fell below support at 1.2660 and went all the way to 1.2614. Earlier in the UK, growth data was upgraded to 0.9% in Q2, and despite a worse than expected current account deficit, the pound remained relatively strong against the dollar and stronger against the euro. GBP/EUR is at the highs around 1.2850 and this is very relevant for United Kingdom nationals living in the continent. British expats in countries such as Spain and France can put a smile on their faces as their pounds now buy more euros and allow them a more comfortable lifestyle under the sunny skies of these countries. Here is how it looks on the chart: The divergence between the UK and the euro-zone is clear, and the gap is now better reflected in the exchange rate. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Euro-zone inflation at 0.3%, core falls to 0.7% – Yohay Elam 8 years EUR/GBP dropped to a new low of 0.7780 following the crash of the euro. The cross further extended its drops and is now only around 30 pips away from the low of 0.7750 seen in July 2012. A break below this level will be the lowest since 2008 and it's not that far away. Weak inflation data in the euro-zone was the straw the broke the camel's back. Inflation fell to the lowest cycle low of 0.3% and core inflation to 0.7%. EUR/USD confirmed the break and fell below support at 1.2660 and went all the way to 1.2614. Earlier… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.