0.846
Today
+0.04%
5 Days
-0.26%
1 Month
-1.34%
6 Months
-2.85%
Year to Date
-2.95%
1 Year
-2.51%
Opening Price
0.845Previous Closing Price
0.845
The upside prevails as long as 0.8450 is support, with 0.8473 and 0.8479 as targets
below 0.8450, expect 0.8441 and 0.8435.
The upside prevails as long as 0.8450 is support, with 0.8473 and 0.8479 as targets
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.
Societe Generale strategists note EUR/GBP has continued its pullback after failing at the 0.8610 graphical hurdle linked to the February and March troughs. The cross has slipped below the July lows, reinforcing prevailing downside momentum.
EUR/GBP reverses earlier gains on Tuesday as fiscal and political concerns in France limit the Euro’s (EUR) upside, while the technical picture also suggests sellers remain dominant.
Francesco Pesole at ING highlights a supportive backdrop for the Pound, with EUR/GBP now expected to trade in a 0.84–0.85 range for several months as Euro-specific risks persist and the Bank of England signals readiness to hike. While ING sees BoE expectations as too hawkish for 2027, one or two hikes look increasingly likely, and the budget risk is seen as manageable for Sterling.
The Euro (EUR) shows a frail recovery attempt against the British Pound (GBP) on Tuesday but remains broadly bearish, after a nearly 2% selloff in just over two weeks.
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.