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Tag: EURGBP

EUR/GBP breaks above 0.8500 as Euro gains momentum ahead of ECB

EUR/GBP breaks above 0.8500 as Euro gains momentum ahead of ECB EUR/GBP breaks above 0.8500 as Euro gains momentum ahead of ECB

ECB meeting: Speculation of a 50 basis point rate hike boosts the euro. Europe is facing an energy crisis and political uncertainty in the UK and Italy. EUR/GBP finds resistance at the 20 and 55-day SMA. The EUR is one of the best performers on Tuesday ahead of the European Central Bank meeting. The crossing […]

EUR/GBP falls below 0.8470, at the start of a busy week

EUR/GBP falls below 0.8470, at the start of a busy week EUR/GBP falls below 0.8470, at the start of a busy week

The pound started with rises, due to a better mood in the markets. Political crisis in Italy and ongoing UK succession. ECB and UK labor market data ahead. The EUR/GBP is sliding lower on Monday, having hit a one-week high above 0.8500 on Friday. The cross is trading at daily lows at 0.8465, moving with […]

EUR/GBP breaks below the 200-day SMA and falls to two-month lows around 0.8400

EUR/GBP breaks below the 200-day SMA and falls to two-month lows around 0.8400 EUR/GBP falls below 0.8470, at the start of a busy week

EUR/GBP breaks below the 200-day SMA and falls to a two-month low on Wednesday. Recession fears weigh on the common currency and act as a headwind for the cross. High expectations about the BoE rate hike and upbeat data from the UK contribute to the improvement in the pound sterling. The crossing EUR/GBP has seen […]

EUR/GBP Hits 3-Week Lows Below 0.8500 on Johnson’s Resignation

EUR/GBP Hits 3-Week Lows Below 0.8500 on Johnson’s Resignation EUR/GBP breaks above 0.8500 as Euro gains momentum ahead of ECB

Prime Minister Johnson will step down as leader of the Conservative Party. The pound advanced in the market due to an easing in the climate of political tension. EUR/GBP confirms short-term trend line break. EUR/GBP broke below 0.8530 and fell to 0.8491, hitting the lowest intraday level since June 10 after news broke that Johnson […]

EUR/GBP is hit and falls to 3-week lows near 0.8540

EUR/GBP is hit and falls to 3-week lows near 0.8540 EUR/GBP is hit and falls to 3-week lows near 0.8540

EUR/GBP extends weekly decline to 0.8540. The intense sale of euros weighs on the cross in the middle of the week. UK Prime Minister B. Johnson could face another no-confidence motion. Greater weakness of the European currency drags the EUR/GBP to fresh 3-week lows in the 0.8540 area on Wednesday. EUR/GBP is pending UK policy […]

EUR/GBP remains on the defensive and remains above two-and-a-half-week lows

EUR/GBP remains on the defensive and remains above two-and-a-half-week lows EUR/GBP falls below 0.8470, at the start of a busy week

The EUR/GBP pair fell for the third consecutive day, although it did not have continuity in the sales. The new increase in the price of gas fueled fears of a recession and continued to weigh on the euro. Political jitters in the UK acted as a headwind for sterling and should limit the slide. The […]

Sterling: Big 7 Bank Forecasts, Downside Risks Remain

Sterling: Big 7 Bank Forecasts, Downside Risks Remain Sterling: Big 7 Bank Forecasts, Downside Risks Remain

During the month of June, the pound weakened markedly against the US dollar, going from 1.2613 to 1.2155. Entering the second half of the year, some analysts have updated their forecasts for the British pound. Here you can find the expectations of seven major banks on the prospects of the pound for the coming months. […]

EUR/GBP falls to two-week lows at 0.8550 area on euro weakness

EUR/GBP falls to two-week lows at 0.8550 area on euro weakness EUR/GBP falls to two-week lows at 0.8550 area on euro weakness

The euro falls throughout the market on Tuesday due to a combination of factors. EUR/GBP falls to 0.8542, the lowest since June 17. GBP/USD fall below 1.2000, favors rebound of the cross. The EUR/GBP fell from 0.8610 to 0.8542, the lowest level in two weeks, as the euro retreated across the board. The common currency […]

EUR/GBP climbs back above 0.8650 after strong Eurozone inflation data

EUR/GBP climbs back above 0.8650 after strong Eurozone inflation data EUR/GBP breaks above 0.8500 as Euro gains momentum ahead of ECB

EUR/GBP achieves strong positive traction on Friday and surges to a weekly high. Stronger Eurozone CPI figures reaffirm ECB rate hike expectations and boost Euro. Bank of England caution and Brexit woes weigh on sterling and contribute to the pair’s strong move higher. The crossing EUR/GBP it has extended the previous day’s nice bounce from […]

EUR/GBP Price Analysis: Find support near 0.8600 ahead of Lagarde and Bailey

EUR/GBP Price Analysis: Find support near 0.8600 ahead of Lagarde and Bailey EUR/GBP breaks above 0.8500 as Euro gains momentum ahead of ECB

EUR/GBP is back down again from an almost two-week high, although there is no follow-up. The formation of an ascending channel points to a short-term uptrend and favors the bulls. A sustained break below the 0.8600-0.8590 support would negate the short-term positive bias. The EUR/GBP cross has seen some selling on Wednesday and has pulled […]