EUR / GBP caught some aggressive offers on Thursday and rallied above 0.8600. The ECB switched to a symmetric inflation target of 2%, but did not refer to excess inflation. A resistance break at the downtrend line has already set the stage for additional gains. The crossing EUR/GBP It was based on its strong intraday […]
Tag: EURGBP
EUR / GBP returns initial gains and retreats near 0.8550
EUR / GBP is struggling to hold onto its modest initial gains at multi-day highs. Optimism about the reopening of the UK economy underpins the GBP. Euro bulls remain on the defensive after EU economic forecasts. The crossing EUR / GBP has rapidly retraced around 20 pips from three-day highs touched earlier in the day […]
EUR / GBP falls to week-and-a-half lows after disappointing German ZEW sentiment index
EUR / GBP is witnessing some continuation selling for the third day in a row on Tuesday. Optimism about easing COVID-19 restrictions in the UK underpins the British pound. The disappointing results of the eurozone ZEW survey weigh on the euro and add to the selling bias. The common currency has weakened across the board […]
EUR / GBP flirts with two-day lows, hovers above 0.8550
EUR / GBP extends Friday’s losses and falls for the second day in a row. Optimism about easing COVID-19 restrictions in the UK underpins the GBP. The euro benefits from a subdued demand for the US dollar and helps limit the losses of the EUR / GBP. The crossing EUR/GBP remains slightly lower during the […]
EUR / GBP declines from two-week highs, remains offered around 0.8600
EUR / GBP witnessed a sea change and rallied over 50 pips from weekly lows. The nervousness of COVID-19 and Bailey’s dovish comments weighed heavily on the British pound. An upward revision of the euro zone manufacturing PMI benefited the shared currency. The crossing EUR/GBP It maintained its strong tone offered in the middle of […]
EUR / GBP weakens and falls to the 0.8570 zone
EUR / GBP is still unable to sustain above 0.8600. The pound appreciated against the euro in the last hour, hitting two-day highs. The EUR / GBP fell back after testing weekly highs in the 0.8610 region and fell to 0.8570, marking a new low for the day. At the same time GBP / USD […]
EUR / GBP hovers near two-week highs, targeting a sustained move beyond 0.8600
The EUR / GBP gained some positive traction on Tuesday and built on its recent positive move. The moderate BoE, the nerves of COVID-19, acted as a headwind for the British pound. A stronger USD weighed on the shared currency and limited any further gains for the crossover. The EUR/GBP it spiked to nearly two-week […]
EUR / GBP at day highs, very close to 0.8600
The pound remains under pressure in the market after a meeting of the Bank of England. EUR / GBP heading for sixth consecutive weekly close near 0.8600 EUR / GBP is rising for the second day in a row, and just hit highs since Monday at 0.8594. The main impulse continues to be behind the […]
EUR / GBP rises to 0.8575-80 region, lacks continuation
EUR / GBP is moving higher on Tuesday amid some selling around the GBP. A modest pickup in demand for the USD weighs on the euro and could limit the rise in the EUR / GBP. The market focus remains on Thursday’s upcoming BoE monetary policy meeting. Intraday selling around the British pound increased at […]
Bulls seek to capture 20 SMA near 0.8570
EUR / GBP is moving higher at the start of the European session on Tuesday. The bulls find support in the double bottom formation near the 0.8550 level. The momentum oscillator is clinging to negative territory. The EUR / GBP cross is moving slightly higher at the start of the European session on Tuesday and […]
