EUR/GBP gained some positive tracking traction for the third day in a row on Friday. The recent price action constitutes the formation of an inverted head and shoulders pattern. Neutral technical indicators on the daily chart warrant caution for aggressive bullish traders. The crossing EUR/GBP gained traction for the third day in a row on […]
Tag: EURGBP
EUR/GBP rises to two-day highs around 0.8350
EUR/GBP advances for the second day in a row and extends the previous day’s bounce from below the 0.8300 level. The better relative performance of the common currency could be attributed to a better than expected German PMI. A dovish assessment of the BoE decision last week keeps GBP bulls on the defensive. The crossing […]
EUR/USD to fall past 2020 lows in the 1.06 zone if Eurozone slips into recession – Rabobank
The EUR/USD has regained its poise after the heavy losses suffered following the Russian invasion of Ukraine. While the shared currency remains vulnerable to bad news about the war and energy supply, economists at rabbank One-month forecasts for the EUR have been revised upwards across the board. However, they maintain that the value of the […]
EUR/GBP fails again at 0.8455 and returns below 0.8400
Euro falls below 0.8400 after another rejection from 0.8455. Recoveries lost ground after the post-BoE pullback. EUR/GBP seen at 0.8100 by the end of the year – Nordea. The strong rally of the euro witnessed on Thursday, after the moderate BoE rally, has been rejected at 0.8455 for the second time this week. Euro loses […]
EUR/GBP approaching monthly highs at 0.8455
Euro bounces sharply to retest 6-week highs at 0.8455. The BoE’s moderate hike pushes the pound lower. EUR/GBP seen around 0.8300 for the next few months – ING. The EUR has bounced hard against the British pound on Thursday to resume the short-term uptrend from the 0.8200 area, targeting a retest of 6-week highs at […]
EUR/GBP jumps to two-day highs at 0.8435 after BoE announcement
The EUR/GBP It has staged a strong rise of 65 pips after the announcement of a rate hike by the Bank of England, which has increased its rate to 0.75% with eight votes in favor and one against. The crossing has jumped to new 2-day highs at 0.8435and now stands firm trading above 0.8422, gaining […]
EUR/GBP consolidates below 0.8400
EUR/GBP stabilized just below 0.8400 on Friday as traders ponder this week’s geopolitical developments. The pair lost around 0.2% at 0.8375, with a stronger-than-expected UK GDP weight. The EUR/GBP has stabilized on Friday just below the 0.8400 level as traders ponder how the Ukraine war and related global economic shock affect the UK/EU economic outlook […]
EUR/GBP jumps to a fresh multi-week high around 0.8435 after ECB
EUR/GBP attracted some buying on the dips on Thursday and turned positive for the fourth day in a row. A more aggressive policy decision from the ECB lifted the shared currency and continued to support the move. The worsening situation in Ukraine acts as a headwind for the euro and limits gains for the cross. […]
EUR/GBP still under pressure below 0.8400, decline looks supported ahead of ECB
EUR/GBP moves lower on Thursday and breaks a four-day winning streak to a multi-week high. The pullback could only be attributed to some repositioning operations ahead of the ECB’s monetary policy meeting. Investors will also keep a close eye on further developments surrounding the conflict between Russia and Ukraine. The crossing EUR/GBP remains on the […]
EUR/GBP comfortably holds above 0.8300, upside seems limited amid Ukraine crisis
EUR/GBP gained traction for the second day in a row and builds on overnight recovery from multi-year low. EU bond sale plan, encouraging macro data underpinned the euro and continued to support the positive move. Stagflation fears kept euro bulls from making aggressive bets and capped any further gains for the cross. The crossing EUR/GBP […]
