EUR GBP recovery attempt limited below 0.8920. The euro cuts losses after a two-day drop. In the long term, the euro is expected to remain trapped between 0.88 and 0.8900– Commerzbank. The euro it is making a slight recovery on Tuesday, bouncing from the lows of 0.8870 to trim losses after a two-day slide. The […]
Tag: EURGBP
EUR / GBP falls to two-week lows below the 0.8900 level
EUR / GBP is witnessing strong selling for the second day in a row on Monday. The British pound receives a strong boost following the release of the optimistic UK PMI. A modest rally in the common currency could help limit losses, at least for now. A sudden rally in the British pound has dragged […]
EUR / GBP reversal from 0.8965 contained above 0.8915
EUR / GBP reversal finds support at 0.8915, remains within previous ranges. The pound appreciates on hopes of a Brexit deal. UK macroeconomic data supports demand for GBP. The euro It lost ground on Friday, retreating from Thursday’s high of 0.8965, against a firmer GBP, amid optimistic comments from Brexit negotiators. The pair, however, has […]
EUR / GBP flirts with daily lows around the 0.8925 region
EUR / GBP is witnessing some new selling on Friday and returns the positive movement of the previous day. The not-so-positive developments around Brexit raise hopes for an extension of the transition period. The pessimistic expectations of the ECB weighed on the euro and further contributed to the selling bias. The crossing EUR/GBP has seen […]
EUR / GBP bounces to 0.8960 after Brexit talks suspended after coronavirus case
Libra falls back after suspension of Brexit negotiations. EUR / GBP capped on the upside by 0.9000. EUR / GBP erased losses the day’s losses and rebounded from 0.8920 / 25 to 0.8960, after it was learned that the Brexit talks They were suspended after one of the negotiators of Michel Barnier’s team from the […]
EUR / GBP rises above the 0.8950 region on new daily highs
EUR / GBP regains positive traction on Thursday and ends a two-day losing streak. Renewed fears of a no-deal Brexit weigh on the GBP and support the pair’s upward move. The selling tone around the common currency could limit any uncontrolled movement in the EUR / GBP. The crossing EUR/GBP maintained its buying tone at […]
EUR / GBP recovers to 0.8930 after bouncing from weekly lows of 0.8915
EUR / GBP falls further to hit one-week lows near 0.8900. The pound is appreciated in a more positive Brexit tone. Even if a deal is reached, the British pound will not rise much higher – Rabobank The euro accelerated its downtrend against the pound during European trading hours on Wednesday, to hit a fresh […]
EUR / GBP remains close to weekly lows, below 0.8950
EUR / GBP fell for the second day in a row on Wednesday. Libra continues to cut losses from last Thursday. The EUR / GBP remained weak during the European session and fell to 0.8934, reaching the lowest level since last Thursday. The cross remains in the area of ​​the lows, with a bearish bias. […]
EUR / GBP falls below 0.8950 against a firmer pound
EUR / GBP is moving lower and reaches levels below 0.8950. The pound is making up lost ground amid higher hopes for deals. Political Uncertainty Will Weigh Pound’s Short-Term Outlook – Rabobank. The euro has traded lower against the British pound for the third day in a row, extending its reversal from last week’s highs […]
Buyers Look Elusive Despite Bullish Turn After Doji Candle
EUR / GBP struggles to capitalize on a bullish technical pattern. Resistance at 0.904 is now the level to beat for the bulls. EUR / GBP is trapped within a range between 0.8955 and 0.90 for the third day in a row. The tight range shows the weak continuation of the bullish reversal pattern confirmed […]
