In recent days, the euro has managed to hold up well against several currencies. But in the opinion of economists Commerzbankthe euro’s recent move looks reasonably fragile. The ECB seems to be able to convince the market, for now “Recent hawkish comments by members of the European Central Bank (ECB) appear to have had an […]
Tag: EURGBP
EUR/GBP rallies for the fourth day in a row and hits monthly highs near 0.8650
The pound continues to be pressured by the negative economic outlook in the UK. The euro continues to rise amid expectations of a 75 rate hike by the ECB. EUR/GBP gains momentum after breaking key technical levels. The EUR/GBP it broke above 0.8605 and jumped to 0.8640, reaching the highest level since July 1. The […]
GBP/USD hits new two-year low below 1.1600
The pound continues to be under pressure in the market. GBP/USD falls for the fourth day in a row. The dollar with mixed results, without clear direction on Wednesday. The GBP/USD is falling for the fourth day in a row, recently hitting a new two-year low at 1.1598, before embarking on a small bounce. The […]
EUR/GBP breaks above 0.8600 for the first time since early July
The euro is among the best performers on Tuesday on ECB rate hike expectations. The pound is under pressure amid risk aversion. EUR/GBP gains more than 170 pips in the last three sessions. The EUR/GBP accelerated the move higher and jumped to 0.8601, reaching the highest level since July 6. While the euro is among […]
EUR/GBP at one-month highs near 0.8550
Euro gains momentum after the Jackson Hole symposium. The pound continues to be pressured by the weather in the markets, among other factors. EUR/GBP bullish as long as it remains above 0.8500. EUR/GBP is rising for the second day in a row and is trading at the 0.8545/50 area, at a one-month high. The cross […]
EUR/GBP remains below 0.8450 after Eurozone and UK PMIs
EUR/GBP defends the vital 200-day moving average. The gloomy economic outlook for the UK undermines the British pound and offers some support to the cross. Concern about the energy crisis in Europe weighs on the common currency and limits increases. The EUR/GBP cross defends the all-important 200-day Simple Moving Average (SMA) support and for now […]
EUR/GBP Price Analysis: Testing the 50 DMA at 0.8500 after a three-day rally
EUR/GBP will end the week with gains of 0.49%. Euro buyers neared weekly lows below 0.8400, below the 20, 50 and 200 DMAs. A daily close above 0.8500 could open the door for a retest of 0.8600. The EUR/GBP extended its rise to three consecutive days, breaking above the 100 day EMA, although it took […]
EUR/GBP could return to the 0.84 area – ING
Sterling rallied briefly on higher money market rates but ended the day weak. The ING economists believe the EUR/GBP could drop back to 0.84. No real signs of fiscal risk in the British pound “We wondered if fears over future Tory Prime Minister Liz Truss’s spending plans were driving up maximum credit values ​​and effectively […]
EUR/GBP recovers 0.8400 and moves into positive positive territory
EUR/GBP rebounds from lows near 0.8380. United Kingdom: annual inflation reaches 10.1% in July. Advanced GDP reading for the second quarter of the Eurozone increased 3.9% year-on-year. After a decline towards the nearby 0.8380, the EUR/GBP recovered and in the last hour accelerated to the upside reaching daily highs at 0.8418, while GBP/USD falls decisively […]
EUR/GBP soars to a fresh 2.5-week high and targets the 0.8500 level
EUR/GBP gains traction for the second day in a row and rises to a two-week high on Friday. The BoE’s dovish outlook offsets UK data, which was mostly better than expected, and weakens sterling. More upbeat Eurozone industrial production figures have buoyed EUR/GBP in the last hour. Concerns over the energy crisis in Europe could […]
