0.840
Today
-0.32%
5 Days
-0.55%
1 Month
-2.05%
6 Months
-3.49%
Year to Date
-3.64%
1 Year
-3.16%
Opening Price
0.842Previous Closing Price
0.842
The downside prevails as long as 0.8421 is resistance, with 0.8399 and 0.8394 as targets
above 0.8421, look for 0.8430 and 0.8436.
The downside prevails as long as 0.8421 is resistance, with 0.8399 and 0.8394 as targets
Societe Generale strategists highlight that United Kingdom (UK) unemployment has fallen to a 13‑month low and average earnings have ticked higher, reinforcing expectations for a Bank of England (BoE) rate hike to 4% in November.
MUFG’s Lee Hardman notes the Pound is strengthening, with EUR/GBP near its year-to-date low and GBP/USD above 1.3350, as stronger UK labour data show rising payrolled employment and private sector wage growth in line with Bank of England projections. He argues this supports expectations for BoE rate hikes and a lower EUR/GBP trading range between 0.8200 and 0.8400.
EUR/GBP loses 0.38% on Tuesday as stronger-than-expected UK labour market data lifts the Pound Sterling (GBP). At the time of writing, the cross trades around 0.8395, at levels last seen in May 2025.
The Euro (EUR) slides 0.2% to near 0.8407 against the British Pound (GBP), following the release of the United Kingdom (UK) labor market data for three months ending August. The labor market data has shown a significant improvement in job hiring and a decline in the jobless rate.
The Euro (EUR) keeps losing ground against the British Pound (GBP) on Monday, as student protests in France turn violent, putting additional pressure on the already strained President Emmanuel Macron's government.
The EUR/GBP cross declines to around 0.8420 during the early European trading hours on Monday. Violent protests in France put pressure on the Euro (EUR) against the British Pound (GBP). European Central Bank (ECB) policymaker Frank Elderson is set to speak later in the day.
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.
