0.850
Today
+0.18%
5 Days
-0.23%
1 Month
-1.64%
6 Months
-1.87%
Year to Date
-2.42%
1 Year
-1.90%
Opening Price
0.848Previous Closing Price
0.849The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

The configuration is positive.
below 0.8494, expect 0.8483 and 0.8476.
the upside prevails as long as 0.8494 is support
ING strategist Francesco Pesole notes that the recent GBP rally has stalled and EUR/GBP has rebounded from an important break lower. At 0.850, the cross remains around 1.5% undervalued versus ING’s short-term fair value model.

TD Securities’ Macro Research team, led by Howard Du with contributions from Jayati Bharadwaj and Linda Cheng, argues that the recent Pound strength versus the Euro has overshot fundamentals.

TD Securities strategists see asymmetric downside risks for the British Pound (GBP) against the Euro (EUR). They argue that EUR/GBP appears notably undervalued relative to rate differentials, data surprises and equity performance.

The Euro (EUR) trades higher against the British Pound (GBP) on Friday, returning to levels near 0.8500 from 13-month lows of 0.8455 amid speculation that the European Central Bank (ECB) will hike rates in the coming months.

OCBC strategists Sim Moh Siong and Christopher Wong highlight that hopes of a fiscally conservative Chancellor under incoming United Kingdom (UK) Prime Minister Burnham have supported the British Pound (GBP) and gilts.

ING’s Chris Turner highlights a powerful short squeeze in Sterling, triggered by reports that Shabana Mahmood could become Andy Burnham’s chancellor, a choice seen as less fiscally expansive.

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