- The pound regains ground and clears losses against the euro.
- EUR / GBP validates Thursday’s rise, but cannot exceed 0.9000.
The EUR / GBP erased daily gains in the last hour after failing to break above the 0.9000 zone. The price fell to 0.8965 / 70, a level above the day’s lows of 0.8955.
The euro lost moment in the last hours. The markets go up and therefore it is not one of the most favored. The president of the German central bank warned that the economy could contract or stagnate in the fourth quarter. Christine Lagarde, the president of the European Central Bank, will speak shortly.
The libra for his part, the tone improved in the last hours. Negotiations for Brexit continue. UK Prime Minister Boris Johnson is working in isolation having been in contact with people who later tested positive for COVID-19.
From a technical point of view, the bias of the EUR / GBP remains bullish in the short term although to enable more raises it will have to break 0.9000. Failure to do so would lose strength. The key support for these hours is 0.8950. A fall below the latter would favor lower losses.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
