Tag Archives: eur/gbp

The Pound Sterling gains strength as UK inflation data remains high, indicating further action by the Bank of England. Technical analysis indicates a bearish tilt for EUR/GBP after breaking past the July 27 daily low of 0.8544. The pair’s immediate support lies at the YTD low of 0.8504, and a …

The EUR/GBP pair has declined for a second consecutive day, falling towards 0.8605. The Eurozone’s preliminary Q2 GDP report is set to be released on Wednesday, and no relevant data releases will feature on Monday’s economic calendar. The Office for National Statistics will release key labour market data on Tuesday, …

The EUR/GBP pair recovered and keeps rising near 0.8630, seeing nearly 0.40% gains. The Euro is one of Wednesday’s top performers amongst its rival currencies.No relevant data will be released for either economy. Tightening expectations of BoE and ECB to dictate the pace. At the middle of the week, the …

The The EUR/GBP cross peaked at a daily high of 0.8700 and then settled near 0.8660. UK’s headline CPI declined to 7.9% YoY, lower than expected.Lower British yields and dovish bets on the BoE made the GBP struggle to find demand on Wednesday. The EUR/GBP set a fourth consecutive day …

As the Bank of England’s hawkish stance became increasingly apparent, the EUR/GBP pair advanced. The US dollar’s decline gave the GBP a lift, and the Euro gave way to the Pound Sterling as long-term stagnation in the Eurozone looked certain.The EUR/GBP pair is now up 0.12% for the day and …

On Wednesday, the Euro lost ground against its key competitors. Spain and Germany both posted inflation rates that fell short of market expectations. The 10-year yield on German bonds decreases and reaches weekly lows. After inflation data from Germany and Spain came in below the market consensus on Wednesday, the …

The EUR/GBP pair is resuming its downward trend, edging closer to its yearly low, signaling potential bearish momentum in the pair. The current trend remains undecided below the 0.8700 resistance, awaiting a clear direction pressured down by failing German Yields.Market awaits ECB President Lagarde’s speech and German inflation data on …

Wall Street dropped again due to banking concerns, and US bond yields hit fresh monthly lows amid expectations of rate cuts from the Federal Reserve during the second half of the year. Although the US Dollar Index (DXY) rose modestly, boosted by the decline in EUR/USD, the Greenback lost ground …

Reacting to widespread market concerns over banking contagion, the EUR/GBP pair widens its losses. The mood on the market is starting to turn negative. The Euro is specifically penalized by this prior to the European Central Bank’s interest rate decision.As the UK Finance Minister Jeremy Hunt revealed the new budget …

The EUR/GBP pair has paid little attention to the news related to Northern Ireland this week although, this week’s news provides a glimmer of hope for the outlook regarding the Northern protocol and consequently for an improvement in investor sentiment, as the factors impacting the UK economic backdrop remains sour.The …