Forex News Today: Market Analysis for Traders

EUR/GBP resumed its bearish trend on Monday and tested a 16-month low of 0.8447. French debt, political deadlock and unrest weighed on the euro, while BoE hike expectations supported the pound.

GBP/JPY extended gains for a second day to 209.91 as concerns over Japan's public debt, rising oil prices and weak household data kept the Yen under pressure.