EUR/GBP saw some selling after the ECB announced its monetary policy decision. Indications of a 25 basis point rate hike in July disappointed some investors and weighed on the euro. Traders seemed reluctant to place aggressive bets ahead of the post-meeting press release. The crossing EUR/GBP quickly reversed an intraday drop to the 0.8530 area […]
Tag: EURGBP
EUR/GBP maintains gains near 0.8550, focus on ECB decision for fresh momentum
A combination of factors help EUR/GBP attract buying for the second day in a row on Thursday. Political turmoil in the UK weighs on sterling and offers some support amid ECB rate hike expectations. The focus remains on the ECB’s decision and Lagarde’s comments at the post-meeting press conference. The crossing EUR/GBP has attracted some […]
EUR/GBP Price Analysis: Golden Cross Poised Ahead of ECB
EUR/GBP looks to test the symmetrical triangle hurdle at 0.8583. The daily chart suggests a golden cross formation, with eyes on the ECB. The RSI appears to be above the midline, which points to more gains. EUR/GBP moves higher at the start of the European session on Thursday, as euro bulls bet on a tougher-than-expected […]
EUR/GBP jumps above 0.8550 on stronger Euro ahead of ECB
Euro rises across the board as Eurozone yields move higher. Thursday’s ECB meeting may trigger volatility. EUR/GBP is moving sideways, with no clear direction. The EUR/GBP rises on Wednesday, thanks to a stronger euro across the board. The cross rose from below 0.8500 and reached a high of 0.8563. It then reversed and found support […]
EUR/GBP remains negative near 0.8500, moves little after Eurozone inflation data
EUR/GBP continues its struggle to break above the 0.8525-0.8530 resistance zone. Resurgent demand for the dollar weighs on the common currency and puts downward pressure. Higher-than-expected Eurozone consumer inflation figures fail to impress bulls. The crossing EUR/GBP has seen an intraday turnaround from the 0.8525-0.8530 resistance zone on Tuesday and has fallen to a fresh […]
EUR/GBP soars to 0.8585 on sharp fall in pound
UK data triggers sharp decline in pound. The euro remains firm on expectations of a rate hike and after economic data. EUR/GBP with bullish bias, points towards 0.8600. The EUR/GBP broke above 0.8500 and jumped up to 0.8585, reaching the highest level in a week and a half. It then pulled back and is trading […]
EUR/GBP hangs on to intraday gains, flirts with daily high at 0.8525 zone
EUR/GBP attracted some buying on the dips on Friday and reversed some of the sharp pullback overnight. The euro drew support from comments from ECB policymakers hinting at an interest rate hike in July. Concerns about the economic fallout from the Ukraine crisis prevented the bulls from making further bets. The crossing EUR/GBP it maintained […]
EUR/GBP will trade higher over the course of the year – Commerzbank
The Bank of England (BoE) is ready to undertake a gradual tightening of monetary policy, which will put the pound under depreciation pressure, report economists at Commerzbank. Furthermore, the EUR should benefit from the ECB’s interest rate hikes starting in the summer. Therefore, the EUR/GBP is set to go even higher until the end of […]
EUR/GBP hangs on to modest gains around 0.8550, lacks continuation
The EUR/GBP cross attracts some buying on Monday amid sustained selling around the British pound. The gloomy economic outlook from the Bank of England turns out to be a key factor weighing on the British pound. A combination of factors weighs on the euro and limits significant gains in the pair. The crossing EUR/GBP maintains […]
EUR/GBP rises to its highest level since December, approaches 0.8600
The pound remains under pressure, still hit by the BoE meeting. The euro among the best on Friday. EUR/GBP posting a weekly gain of almost 200 pips, the best in months. The EUR/GBP rose further on Friday and rose to 0.8590, reaching the highest intraday level since December. It then fell back to 0.8565. In […]