EUR / GBP remains stable after closing above 0.90 on Monday. Restrictions due to the coronavirus in the UK weigh on the British pound. The British pound is losing ground to its European counterpart, pushing the cross EUR / GBP on the rise, as the UK imposes tighter restrictions to control the spread of the […]
Tag: EURGBP
EUR / GBP rises well above 0.9000
EUR / GBP touches new highs in the 0.9030 / 35 band. The selling bias around the pound oxygenates the move. The UK Manufacturing PMI surprised to the upside at 57.5 in December. The pessimistic tone surrounding the pound favors the daily recovery of the EUR/GBP above the key 0.90 level on Monday. EUR / […]
Seeks to take advantage of momentum to extend above 23.6% Fibonacci / 0.9000 level
EUR / GBP regained traction and retraced a significant part of Thursday’s slide to a month-long lows. Mixed oscillators on hourly / daily charts warrant caution before placing aggressive bullish bets. The crossing EUR/GBP it continued to climb higher during the middle of the European session and updated the daily highs in the last hour. […]
EUR / GBP rises to daily highs near 0.9000 level
EUR / GBP gains some positive traction on Monday and breaks a three-day losing streak. The continued rise in COVID-19 cases in the UK prevents GBP bulls from opening aggressive new positions. The common currency benefits from the prevailing selling bias of the USD and supports the upward movement of the EUR / GBP. The […]
EUR / GBP falls below 0.9000 to lows in a week before Brexit
The pound remains firm in the market in the last day of the year and before Brexit. EUR / GBP on its way to close the year with a 500 pip advance. He EUR / GBP is falling for the third day in a row and is trading below 0.9000, on the day before Brexit. […]
EUR / GBP falls to 0.9010 before the pound advances
The pound is one of the best performing currencies on Wednesday, although it lost steam in recent hours. British Parliament will vote for the Brexit deal. He EUR / GBP fell to 0.9012, the lowest level since Monday, before rebounding to 0.9050. The strength of the pound is what was behind the decline of the […]
The pound shoots up after the signing of the Trade and Cooperation Agreement between the EU and the United Kingdom
The British pound has reacted to the upside after it became known that Ursula von der Leyen, President of the European Commission, and Charles Michel, President of the European Council, have signed a new Trade and Cooperation Agreement with the United Kingdom on Wednesday on behalf of the European Union. The agreement, sealed in Brussels […]
EUR / GBP continues to consolidate around 0.9080 as traders reflect on what’s next for 2021
EUR / GBP continues to trade sideways on either side of 0.9080 as trading calms towards the end of the year. Brexit, international trade and investment deals, Covid-19 shutdowns and the launch of vaccines will likely propel the pair in 2021. He EUR/GBP it has deviated or at least been trapped between the relatively thin […]
EUR / GBP consolidates gains and continues to target 0.9055
Bullish momentum for the pound after Brexit fading quickly. EUR / GBP returns firmly above 0.9000. He EUR / GBP started the week trading below 0.9000 and then gained momentum until it reached 0.9055. From there it fell back to find support at the 0.9030 area. It is approaching the highs for the day, driven […]
EUR / GBP falls to 0.8950, low in three weeks before possible Brexit agreement
The pound is once again the best performing currency in the face of a possible Brexit deal. EUR / GBP extends decline to find support at 0.8950. EUR / GBP fell to 0.8950, hitting the lowest level since December 1, then bounced closer to 0.9000. It is trading around 0.8985, with the focus on Brexit-related […]
