Stays below 0.8600 despite an upbeat mood and a weaker GBP

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

Bearish bias remains intact below 0.8600

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

Support at 0.8530/11 to hold for a retest of key resistance at 0.8722/47 – Credit Suisse

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

EUR/GBP retreats sharply from above 0.8700 toward 0.8600 after ECB meeting

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

Bullish flag looms and target 0.8760s

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

EUR/GBP to advance nicely towards 0.86 given pound’s vulnerability – Rabobank

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