The shared currency finished the week with decent gains of 0.21%. Sentiment remains optimism, despite recession fears threatening. EUR/GBP Price Analysis: Remains upwards but struggling at 0.8600 might open the door for selling pressure. The EUR/GBP accelerates for the fourth day out of five in the week, set to finish with decent gains of 0.21%. … Read more
Brexit Tensions are increasing and may weigh on the British pound in coming months, warn analysts at Danske Bank. They also point out that relative interest rates have weighed on EUR/GBP for quite some time but not anymore. Key Quotes: “It is still worth keeping an eye on the EU-UK negotiations on the implementation of … Read more
EUR/GBP pares recent losses while bouncing off key Fibonacci retracement level. 200-HMA, previous support challenge buyers, bears eye fresh weekly low. Downbeat RSI, sustained break of short-term triangle keep sellers hopeful. EUR/GBP picks up bids to 0.8590 while consolidating the biggest daily loss in a week during Friday’s Asian session. In doing so, the cross-currency … Read more
The common currency stages a recovery and gains vs. the pound, up by some 0.41% in the week. The market mood remains fragile, though choppy trading is expected in the pair. EUR/GBP Price Analysis: Per the daily and 4-hour chart, the pair is upward biased, and a re-test of the YTD highs is on the … Read more
EUR/GBP is set to hold support at 0.8530/11 for a retest and break above 0.8722/47. What’s more, analysts at Credit Suisse expect the pair to enjoy an eventual rise toward the “neckline” and the 2020 top at 0.8861/76. Broader basing process stays seen as underway “We continue to view weakness as corrective. Above 0.8638/45 can … Read more
Euro weaker and EZ yields lower after ECB emergency meeting. Pound steady ahead of the BoE meeting. EUR/GBP looks to more gain while above 0.8600. The EUR/GBP turned to the downside in Wednesday after hitting at 0.8720, the highest level since February 2021. The euro retreated to as low as 0.8613 following the European Central … Read more
Technical factors and a weaker pound boost EUR/GBP to highest since May 2021. Cross breaks multi-day range and soars. UK data below expectations, BoE decision on Thursday. The EUR/GBP broke a multi-day range and jumped to 0.8681, reaching the highest level since May 2021. The cross is rising almost a hundred pips on Tuesday, rising … Read more
Euro rises across the board as EZ yields move higher. ECB meeting on Thursday likely to trigger volatility. EUR/GBP sideways, without a clear direction. The EUR/GBP is rising on Wednesday, on the back of a stronger euro across the board. The cross rose from under 0.8500 and peaked at 0.8563. It then pulled back finding … Read more
The EUR/GBP begins the week with robust losses of 0.47%. Risk-appetite increases, weighing on the low-yielder euro and boosting risk-sensitive currencies. EUR/GBP Price Forecast: The daily chart depicts a bullish flag formed, eyeing a break above 0.8700. The EUR/GBP slashes Friday’s gains on Monday and aims towards the 0.8500 mark after reaching a daily high … Read more
In the year to date, the British pound is the third worse-performing G10 currency after the JPY and the SEK. Economists at Rabobank expect the pound to continue facing headwinds over the coming months. Concerns about growth are central to the poor performance of the pound “The current cost of living crisis in the UK … Read more