0.859
Today
+0.01%
5 Days
+0.03%
1 Month
+0.50%
6 Months
-0.55%
Year to Date
-1.44%
1 Year
-1.21%
Opening Price
0.859Previous Closing Price
0.859
The price could retrace.
below 0.8586, expect 0.8578 and 0.8573.
As long as 0.8586 is support, look for 0.8611
EUR/GBP is trading higher on Thursday, climbing toward the 0.8600 barrier and touching its highest in several days. The Pound has slipped across the board after the Bank of England (BoE) held interest rates and struck a more cautious tone than much of the market had priced in.
FX strategist Howard Du at TD Securities reiterates a bullish EUR/GBP stance after the Bank of England’s (BoE) cautious hold.
The Euro (EUR) rallies on Thursday as the British Pound (GBP) dives across the board as the Bank of England (BoE) left interest rates unchanged, with most of the other major central banks tightening their monetary policies.
The Euro (EUR) ticks lower against the British Pound (GBP) on Thursday, with investors awaiting the Bank of England’s (BoE) monetary policy decision, due later in the day.
Deutsche Bank’s Shreyas Gopal notes that Bank of England (BoE) meetings have repeatedly seen early market speculation on tightening fade as decisions approach, keeping the Pound stable and EUR/GBP in a narrow range.
EUR/GBP extends its recovery on Wednesday after bouncing from the 50-day Simple Moving Average (SMA) at 0.8555 on Monday, its lowest level in two weeks.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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