EUR/GBP achieves strong continuation traction on Friday and hits a new yearly high. The acceptance above the 200 SMA and the breakout of the descending trend line favors the bulls. The cross looks ready to reclaim the 0.8600 level and continue to climb higher. The EUR/GBP cross has built on the previous day’s strong Bank […]
Tag: EURGBP
EUR/GBP makes new 2022 highs at 0.8545
The EUR/GBP has staged a 120 pip rally after the Bank of England statement announcing a rate hike of 25 basis points to 1%, its highest level since 2008. The pair has reached a four and a half month top at 0.8545and continues to maintain bullish momentum near 0.8530. The UK central bank raised interest […]
Records new four-week highs near 0.8460
EUR/GBP hits a four-week high just shy of 0.8460, up 0.62% on Tuesday. British pound continues to be battered as GBP/USD breaks below 1.2600. EUR/GBP Price Forecast: Has a neutral bias, but a daily close above the 200 DMA would further strengthen the case for a change in trend. The EUR/GBP rose to fresh four-week […]
Ready to challenge the 1.25 level – ING
The British pound continues to trade with a fragile tone. ING economists expect the GBP/USD pair to test the 1.25 level. EUR/GBP could move lower in the range of 0.83-0.84 “Most feel now that GBP/USD has yet to test 1.2500, while 1.2850 will now act as strong resistance if he achieves that maximum”. “One of […]
EUR/GBP falls from monthly highs, 0.8450 is the key level for bulls
EUR/GBP rose to a monthly high on Monday, although it struggled to capitalize on the move. Dismal UK macro data on Friday continued to weigh on the British pound and extended support. Sustained USD buying undermined the shared currency and kept any significant upside limited. The crossing EUR/GBP it pulled back a few pips from […]
EUR/GBP jumps to new highs of more than two weeks near 0.8400
EUR/GBP gains strong positive traction on Friday and rises to a near three-week high. The dismal UK retail sales weigh heavily on the British pound and support the pair’s move higher. Expectations for an ECB rate hike benefit the Euro and provide an additional boost to the pair. The crossing EUR/GBP has captured some aggressive […]
EUR/GBP rises to 10-day highs near 0.8365 ahead of Bailey and Lagarde
EUR/GBP gains strong positive traction on Thursday and recovers to a near two-week high. Upbeat comments the day before from ECB policymakers buoyed the common currency. Dovish action around the British pound did little to dampen the strong positive intraday move. The crossing EUR/GBP has extended its strong intraday gains and has jumped to a […]
EUR/GBP erases gains and returns below 0.8300
Central banker’s comments and data help the euro, but it loses steam. EUR/GBP pulls back after hitting one-week highs, nears short-term support. The EUR/GBP lost steam in the last few hours and erased daily gains. The euro had climbed to 0.8335, hit the highest level in a week but then erased the rally. The cross […]
EUR/GBP falls below 0.8300 after ECB
The European Central Bank disappointed investors who expected an aggressive trend, kept rates unchanged and the APP ended after June. An upbeat market mood is also weighing on the underperforming euro, as losses in EUR/USD and EUR/GBP show. The divergence between the BoE and the ECB favors the GBP. On Thursday, the EUR weakened against […]
Euro weakened after ECB meeting, Lagarde is coming
ECB kept monetary policy unchanged. The euro fell to daily lows after the statement. In minutes, Lagarde’s conference begins. The euro fell along the market after the meeting of the Governing Council of the European Central Bank (ECB). The absence of a stronger message to deal with the rise in inflation played against the common […]
