Today
+0.16%
5 Days
-0.29%
1 Month
-2.65%
6 Months
-3.25%
Year to Date
-3.92%
1 Year
-4.11%
Opening Price
0.836Previous Closing Price
0.836
The upside prevails as long as 0.8367 is support, with 0.8390 and 0.8395 as targets
below 0.8367, expect 0.8357 and 0.8352.
The upside prevails as long as 0.8367 is support, with 0.8390 and 0.8395 as targets
ING's Chris Turner sees scope for a partial unwind of a 20bp risk premium in 10-year UK gilt yields following the budget. While the Bank of England's tightening outlook should remain broadly unchanged unless minimum wages surprise, narrowing gilt–Bund spreads may support Sterling.
EUR/GBP bears take a breather on Wednesday, pausing a two-day losing streak as traders trim their exposure to the British Pound ahead of the UK Autumn Budget at 12:30 GMT. At the time of writing, the cross trades around 0.8375, up 0.17% on the day, but remains near its lowest levels since May 2025.
The Euro (EUR) is drawing some support from a softer British Pound (GBP) on Wednesday, as markets brace for the release of the first budget of Prime Minister Andy Burnham’s cabinet.
EUR/GBP edges lower on Tuesday amid a mixed market mood, with the British Pound (GBP) outperforming the Euro (EUR) as France’s fiscal concerns weigh on the single currency. However, both currencies remain weak against their other major peers as traders brace for key events this week.
HSBC’s FX Viewpoint notes recent Pound resilience, with GBP outperforming most G10 currencies over the past month.
The Euro (EUR) has retraced previous gains against the British Pound (GBP) on Tuesday, weighed down by high Oil prices and the ongoing concerns about France’s fiscal health.
The 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.
