EUR / GBP remains confined to a sideways range, not far from recent lows. United Kingdom: economy contracted 2.9% in January. Eurozone: Industrial production improves more than expected in January. The EUR / GBP is rising modestly on Friday and is trading at the day’s high at 0.8580. It is testing the upper limit of […]
Tag: EURGBP
EUR / GBP remains stuck in the 0.8550-80 range as the ECB fails to unleash any lasting weakness in the euro
EUR / GBP managed to hit fresh weekly lows just below 0.8550 on the back of a more dovish than expected ECB. However, the pair remains locked in the approximate range of 0.8550-80 this week. The EUR/GBP is testing the bottom of its range over the past three sessions and nearly managed to hit a […]
EUR / GBP remains sideways above 0.8550 ahead of the ECB
EUR / GBP rallied to 0.8580 and then lost momentum staying in range. Ahead: decision of the European Central Bank. The EUR / GBP climbed to 0.8581, the highest level in two days on Thursday, and then fell back to 0.8565. The cross awaits the decision of the European Central Bank (ECB) moving in a […]
Aiming for fresh multi-month lows around 0.8550
EUR / GBP remains lower and hovers around the intraday low. The falling RSI, the bearish triangle, and a sustained breakout of the monthly support line favor bears. The 100 hourly SMA and the two-week downtrend line offer resistance to the upside. EUR / GBP remains under pressure as it attacks the daily low near […]
EUR / GBP in range ahead of the ECB and key Eurozone and UK data later in the week
EUR / GBP has been in a range between 0.8550 and 0.8580 for most of the last 48 hours. Looking ahead, Thursday’s ECB meeting and critical data on Friday in the UK and the euro zone could turn things around. The EUR/GBP has spent most of the last 48 hours hanging around between the levels […]
EUR / GBP marks minimum in two weeks but manages to return above 0.8550
EUR / GBP remains bearish, with support at 0.8550. Ahead: meeting of the European Central Bank on Thursday. The EUR / GBP is trading sideways on Wednesday, consolidating in the two-week lows. The price fell to 0.8548, but quickly returned above 0.8550, avoiding further weakness. The zone of the highs of the day is approaching […]
EUR / GBP bounces from 0.8555 and rises to 0.8585, ending bearish streak
Euro bounces warmly against the pound, in a day of corrections. EUR / GBP short streak of four days with falls, for the moment it achieves the second rise so far in March. The EUR / GBP is rising modestly on Tuesday, on a day of widespread corrections from recent rallies, led by the dollar’s […]
EUR / GBP dips below 0.8600 as bears retain control
EUR / GBP is moving away from lows but has nevertheless declined below the 0.8600 level. Worse-than-expected industrial production figures from Germany and Spain appeared to weigh on the pair early in the session. The EUR/GBP is back below 0.8600; in recent trade. The cross has recovered to 0.8580, having briefly been below 0.8570 earlier […]
EUR / GBP recovers from weekly lows to 0.8650
The pound erases Thursday’s gains against the euro. Risk aversion and falling GBP / USD boosted EUR / GBP. The EUR / GBP found support above 0.8600 and rose to the 0.8650 zone on Friday, fueled by a climate of risk aversion and a significant decline in GBP / USD. Wall Street futures are recovering […]
EUR / GBP supported above 0.8600 with few fundamental catalysts few and far between
EUR / GBP is trading bearish today, but has remained supported above the 0.8600 level. The news that the EU is taking the UK to court over Northern Ireland hasn’t changed the sterling dial much. The EUR/GBP It has traded on a negative bias for most of Thursday’s session, breaking down from the previous weekly […]
