0.843
Today
-0.26%
5 Days
-0.55%
1 Month
-1.58%
6 Months
-3.12%
Year to Date
-3.30%
1 Year
-3.01%
Opening Price
0.845Previous Closing Price
0.845
The downside prevails as long as 0.8457 is resistance, with 0.8436 and 0.8430 as targets
above 0.8457, look for 0.8466 and 0.8471.
The downside prevails as long as 0.8457 is resistance, with 0.8436 and 0.8430 as targets
Thu Lan Nguyen at Commerzbank highlights that resilient United Kingdom (UK) Gross Domestic Product (GDP) data for August, beating expectations for a fourth month, give the Bank of England more room to raise rates and ease pressure on the Chancellor’s deficit-reduction plans.
The Euro (EUR) remains on its back foot against the British Pound (GBP) on Friday, as UK macroeconomic data released on Tuesday beat expectations while Eurozone’s figures disappointed.
The Euro (EUR) retreats further from session highs against the British Pound (GBP) on Thursday, as Eurozone Industrial Production misses expectations, while UK monthly Dros Domestic Product (GDP) figures posted a positive surprise.
The EUR/GBP cross pares gains near 0.8465 during the early European trading hours on Thursday. The British Pound edges slightly higher following the UK economic data. The Eurozone Industrial Production data and the German Buba Monthly Report are due later in the day.
EUR/GBP extends its decline on Wednesday, sliding to its lowest level since June 2025 as fiscal and political concerns in France weigh on the Euro (EUR). Traders also assess fresh remarks from central bank officials on both sides of the Channel.
The Euro (EUR) resumes its downtrend against the British Pound (GBP) as high Oil prices are hitting the common currency harder than the GBP, while concerns about France’s public debt keep investors on their toes.
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.