EUR/GBP regains positive traction on Thursday and is back close to the overnight high. The gloomy outlook for the Bank of England is seen as a key factor in the sterling’s underperformance. The weakness of the dollar after the US CPI benefits the euro and continues to support the intraday move higher. The crossing EUR/GBP […]
Tag: EURGBP
EUR/GBP comfortably holds above 0.8400, bulls look to break above 200-day SMA
EUR/GBP attracts some buying on Monday, although the rally lacks continuation. The gloomy economic outlook from the Bank of England is behind the relative underperformance of the pound sterling. Recession fears act as a headwind against the Euro and limit significant gains in the pair. The crossing EUR/GBP attracts some buying near the 0.8415 area […]
EUR/GBP Price Analysis: Buyers respite on the lookout for the 200 DMA
EUR/GBP rose more than 100 pips on Thursday after the Bank of England hike. Longs remain hopeful of breaking 0.8438, the 200 DMA. EUR/GBP Price Analysis: Short-Term Has a Bullish Bias; once the buyers break the resistance at 0.8438, a rally to 0.8500 is expected. The shared currency benefited from UK macroeconomic news, rising almost […]
EUR/GBP soars above 0.8400 after BoE warns of economic downturn
EUR/GBP soars to a new weekly high in reaction to selling around the British pound after the BoE. The BoE raises interest rates by 50 basis points and indicates that monetary policy is not on a pre-established path. Investors are now awaiting the BoE Governor’s comments for further momentum. The crossing EUR/GBP it has spiked […]
EUR/GBP falls to multi-month lows, bears in control near 0.8350
EUR/GBP remains under heavy selling pressure for the fifth day in a row on Thursday. The European gas crisis turns out to be a key factor weighing on the shared currency. The resurgence of the demand for dollars puts pressure on the British pound, which could give support to the cross. The crossing EUR/GBP losing […]
EUR/GBP Price Analysis: Breaking from weekly highs and trading below the 200-day EMA
EUR/GBP lost more than 1% on the week. US equities continue to rise, but sentiment will turn cautious on the FOMC decision. EUR/GBP Price Analysis: In the long and short term, it has moved lower. The EUR/GBP falls for four days in a row and on its way south breaks below the 100 and 200 […]
EUR/GBP crashes to 12-day low below 0.8450
The euro under pressure due to the gas crisis and the economic outlook. EUR/GBP falls again to test the 200-day moving average. The EUR/GBP is falling sharply on Tuesday and is racking up three consecutive lows. It is trading around 0.8441, the lowest in almost two weeks. The sharp pullback came from levels near 0.8600, […]
EUR/GBP remains negative near 0.8500 after Eurozone and UK PMIs
EUR/GBP is seeing some selling on Friday and has now erased the previous day’s gains after the ECB. The risk of a sovereign debt crisis and fears of a recession put pressure on the common currency. Expectations for a BoE rate hike of 50 basis points in August benefit the British pound and add to […]
EUR/GBP rebounds to more than two-week highs after ECB raises interest rates by 50 bps
EUR/GBP gained strong positive traction and soared past a two-week high on Thursday. The ECB raised interest rates by 50 basis points and provided a nice boost to the shared currency. Investors are now waiting for ECB President Lagarde’s press conference for a significant boost. The common currency strengthened across the board after the European […]
EUR/GBP remains in a range above 0.8500, with various sources including the ECB
EUR/GBP consolidates in the area of ​​highs in days, but without extending advance. Inflation in the United Kingdom sets new highs. The ECB is coming on Thursday. The EUR/GBP is trading range-bound and stable despite a host of ongoing events centered in Europe. The cross reached as high as 0.8540, the highest since July 7, […]
