The euro gains momentum before rising European bond yields. The pound loses strength and becomes one of the weakest in recent hours. EUR/GBP back above 0.8600, after finding support at the 20-day moving average. EUR/GBP is trading at highs since Thursday at 0.8625, rising for the second day in a row. Once again it is […]
Tag: EURGBP
EUR/GBP: Renewed Brexit fears may start to weigh on sterling – Danske Bank
Brexit tensions are rising and may weigh on sterling in coming months, analysts warn Danske Bank. They also point out that relative interest rates have weighed on the EUR/GBP for quite a while, but not anymore. Conclusions to keep in mind: “Negotiations between the EU and the UK over the implementation of the Northern Ireland […]
EUR/GBP clings to gains near 0.8600, attention turns to Lagarde testimony
EUR/GBP gains ground for the third session in a row and rises to a three-day high on Monday. Expectations of a less aggressive Bank of England and Brexit woes weigh on the British pound and support the pair’s move higher. The bulls seem reluctant and prefer to stay on the sidelines ahead of Lagarde’s testimony. […]
EUR/GBP: Supported at 0.8530/11, could retest key resistance at 0.8722/47 – Credit Suisse
EUR/GBP is ready to hold support at 0.8530/11 to retest and break above 0.8722/47. Also, Credit Suisse analysts they expect the pair to enjoy an eventual rise towards “the neckline” and the 2020 high at 0.8861/76. The broader grassroots process is seen as continuing “We continue to view weakness as somewhat corrective. Breaking above 0.8638/45 […]
EUR/GBP pulls back sharply from 0.8700 to 0.8600 after ECB meeting
The euro weakened and euro zone yields fell after the emergency ECB meeting. The pound is stable before the meeting of the Bank of England. EUR/GBP with chances for more gains while above 0.8600. The EUR/GBP dipped lower on Wednesday trading, having touched 0.8720, the highest level since February 2021. The euro fell back to […]
EUR/GBP crosses the 0.8700 barrier and rises to the highest level since February 2021
EUR/GBP gains some traction for the fourth day in a row and climbs to new highs in over a year. The prospects of a less aggressive Bank of England and the Scottish referendum continued to weigh on the pound sterling. Market participants expect the ECB’s ad hoc meeting to provide some significant momentum. The crossing […]
EUR/GBP breaks above 0.8650 and reaches its highest level in a year
Technical factors and a weaker pound propell EUR/GBP to its highest level since May 2021. The cross breaks out of the multi-day range and breaks out. UK data disappoints expectations, special attention to the BoE on Thursday. The EUR/GBP It breaks out of a multi-day range and jumps to 0.8681, reaching the highest level since […]
EUR/GBP breaks critical level and heads higher towards 0.8700
Pound weakens further after UK data. The euro and Swiss franc rallied against the dollar on Tuesday. EUR/GBP could have the highest daily close in a year. EUR/GBP returned above 0.8600 and jumped to the 0.8650 area where it is trading at levels last seen in September 2021. A confirmation of these prices would leave […]
EUR/GBP soars towards 0.8580 after mixed UK employment data
EUR/GBP is moving higher on the back of lower-than-expected UK job application count data. Jobless claims have fallen to -19,700 from the previous figure of 65,500. This week, investors’ attention will remain focused on the monetary policy of the Bank of England. The crossing EUR/GBP is showing wild movements and has finally moved up as […]
EUR/GBP rises to test critical resistance around 0.8600
The pound weakened after UK growth data. The euro buoyed by European bond yields. EUR/GBP bullish but capped as long as it remains below 0.8600, EUR/GBP climbed to 0.8592, reaching the highest level since May 12, against a backdrop of negative data from the UK, rising yields in Europe and high risk aversion. The cross […]
