Today
+0.23%
5 Days
-0.30%
1 Month
-1.98%
6 Months
-3.28%
Year to Date
-4.19%
1 Year
-4.76%
Opening Price
0.833Previous Closing Price
0.833
The upside prevails as long as 0.8343 is support, with 0.8369 and 0.8374 as targets
below 0.8343, expect 0.8335 and 0.8330.
The upside prevails as long as 0.8343 is support, with 0.8369 and 0.8374 as targets
ING’s Chris Turner says Sterling is trading relatively well as markets fully price a 25bp Bank of England (BoE) rate hike to 4.00% on Thursday.
The Euro (EUR) shows a significant recovery against the British Pound (GBP) on Monday, supported by the reversal in Oil prices and positive Eurozone manufacturing activity figures.
OCBC strategists Sim Moh Siong and Christopher Wong see British Pound (GBP) resilience extending into early 2027, supported by fiscal discipline, upgraded UK growth forecasts and greater political stability.
The EUR/GBP cross pares gains near 0.8345 during the early European session on Monday. The Euro (EUR) edges slightly lower following weaker German Retail Sales data.
The Euro (EUR) extends losses on Friday as Eurozone macroeconomic data has failed to convince investors, while the British Pound (GBP) rallies across the board with markets pricing in a Bank of England (BoE) rate hike next week.
The EUR/GBP cross edges lower to around 0.8345 during the early European trading hours on Friday, pressured by divergent monetary policies. Traders will keep an eye on the preliminary readings of Q3 Gross Domestic Product (GDP) from Germany and the Eurozone later on Friday.
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.