The EUR/GBP currency pair continues to trade sideways between the 20 and 100-day SMA . RSI indicates recovering buying pressure and the MACD is green. Sellers breathe, after last Friday’s sharp losses. In Monday’s session, the EUR/GBP pair rose by 0.20% to 0.8395. While the pair remains in a sideways trend, the bullish pressure has shown […]
EUR/GBP remains range-bound, consolidating recent losses as buying pressure stalls. Sellers take the foot off the gas after last Thursday’s losses RSI indicates recovering buying pressure, while MACD shows flat conditions. In Monday’s session, the EUR/GBP rose slightly to 0.8330, hovering within a narrow range. The pair’s recent recovery attempt has stalled, leaving it in […]
EUR/GBP rises over a third of a percent on Monday as traders continue to discount comments from BoE’s Andrew Bailey. The bank’s Governor said the BoE was going to get more “activist” about cutting interest rates. Upside for the pair is limited, however, as data from the Eurozone reflects a cooling economy. EUR/GBP exchanges hands […]
The Pound Sterling’s recent strength has partly relied on the ‘no news is good news’ narrative, as quiet calendars allowed markets to look elsewhere for easing bets while happily keeping the Bank of England in the group of relatively hawkish outliers, ING’s FX strategist Francesco Pesole notes. EUR/GBP to face a bit more downside risk […]
EUR/GBP retraced Monday’s sharp downward movements. The daily RSI and MACD signals a stabilizing selling pressure. The pair might extend its current sideways trend in the next sessions. EUR/GBP rose to 0.8370 on Wednesday, displaying some volatility during the European trading session. Nevertheless, the pair failed to hold on to gains, and it currently trades […]
UK inflation data released on Wednesday quashes hopes the BoE will cut interest rates on Thursday. Whilst this is bad news for UK mortgage holders the Pound Sterling rose on the news. Eurozone revisions of flash estimates to its inflation showed a downwards revision, weighing on the Euro. EUR/GBP is trading lower on Thursday, exchanging […]
The negative outlook remains, RSI and MACD suggest bearish momentum. The multiple rejections by the 20-day SMA suggest that the buyer’s traction is too weak. A break from above mentioned average would improve the outlook. In Friday’s session, the EUR/GBP pair fell slightly by 0.15% to 0.8435, showcasing a negative technical outlook. Bears continue to […]
EUR/GBP marginally fell to 0.8530, tallying a two-day losing streak. The cross declined despite the release of steady UK retail sales data during the European session. The data favors that the BoE will continue cutting rates. Friday’s trading painted a slightly less vibrant picture for the EUR/GBP pair which slid to 0.8530 as investors are […]
EUR/GBP rose back into familiar highs near 0.8430 on Thursday. Market action is giving the Euro a leg up against the Pound Sterling. Investors are adding into BoE rate cut bets, softening the GBP. EUR/GBP is back into a near-term high around 0.8430 as markets firm up bets of a Bank of England (BoE) rate […]
Thursday’s Bank of England (BoE) statement and minutes suggested officials are getting closer to cutting interest rates, ING’s FX Strategist Francesco Pesole notes. August cut is a must, GBP/USD set to fall under 1.25 “The recent upside surprises in services inflation (5.7%) are attributed to volatility related to annual price hikes, not a significant trend, […]
EUR/GBP is climbing on Friday after a dip to the 0.8400 handle. ECB soothing talking points are helping to recover sentiment, but only slightly. BoE rate call looms ahead next week, but rate moves not expected yet. EUR/GBP dipped to a fresh 22-month low on Friday, tapping 0.8400 before finding a thin recovery that still […]
Share: EUR/GBP trades higher on the back of disappointing UK PMI data. Soft Eurozone PMI could be capping the gains of the pair. Investors await the speech from ECB’s Lagarde, seeking clues about the inflation scenario. EUR/GBP trades higher around 0.8550 during the early trading hours in the European session on Thursday. The […]
