EUR / GBP rise but close to its lowest level in three years

The euro rose against the pound on Thursday, but remained in circulation at the lowest level in three and a half years amid concerns about the ongoing political turmoil in Greece, and the future of the country in the euro area, which still does not affect the market sentiment ..

EUR / GBP 0.8046 in European morning trade, and the highest price for the day, and the coherence of the pair later at 0.8043, and rose by 0.34%.

Was likely to find support at 0.8002 the pair, the lowest price for the session, and resistance at 0.8079, the highest rate on 7 May.

The euro remained under pressure after being abandoned Alexis Tsepraz leader's second-largest party in Greece attempts to form a new government on Wednesday Wednesday, giving the leader of the Socialist Party Evangelos Venizelos last chance to try to form a government on Thursday.

And seemed to opportunities on the formation of a weak coalition government after two failed attempts, making new elections within three to four weeks are the most likely outcome, raising new fears that Greece will not have a government in a timely manner to secure the slide coming from international aid next month.

Investors remained worried, whether elected Socialist President Francois Hollande has called to take an approach that focuses more on growth to address the debt crisis, which could create tensions with Germany's insistence on fiscal austerity.

Earlier in the day, official data showed that French industrial production fell more than expected in March by 0.9% after rising by 0.9% in the previous month. Analysts had expected industrial production to fall by 0.4% in March.

Elsewhere, the pound fell against the dollar, with GBP / USD rate of 0.21%, to score 79.70.

Also showed Thursday, official data that industrial production in the United Kingdom rose more than expected in March, adding 0.9 percent after a 1.1 percent decline the previous month. Analysts had expected industrial production to rise by 0.5% in March.

Sterling found some support after official data showed that industrial production in the United Kingdom rose more than expected in March, adding 0.9% after 1.1% decline the previous month. Analysts had expected industrial production to rise by 0.5% in March.

Later in the day the U.S. will publish official data on trade balance, followed by government reports on jobless claims and rising import prices. It will also Federal Reserve Chairman Ben Bernanke to speak as well.