08.04.2020 Eur/GBP  Daily Analysis

08.04.2020 Eur/GBP  Daily Analysis Eur/Gbp today is trading at 0.8822, it went down with 0.0006 from 0.8828. This is mainly because the EU countries failed to come to an agreement yesterday with regard to the effects of the coronavirus. Spain and Italy want other countries to share their debt in the form of coronabonds but other Eu countries are against the idea because they feel they will be stuck paying other country’s debt. This disagreement, therefore, caused the Euro to weaken resulting in the Eur/Gbp pair going down. More so, GBP is getting stronger despite  UK Prime Minister Boris Johnson is in the hospital due to coronavirus. This is mainly because the U.K got approval from the European Commission to grant 50 billion pounds to companies suffering the economic effects of the coronavirus outbreak. Today we wait for the EU finance minister meeting to continue, and this will have an impact on the EUR/GBP pair.