0.866
Today
+0.15%
5 Days
+0.41%
1 Month
-0.68%
6 Months
-1.29%
Year to Date
-0.59%
1 Year
+1.36%
Opening Price
0.865Previous Closing Price
0.865The 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.
The configuration is positive.
below 0.8650, expect 0.8639 and 0.8632.
the upside prevails as long as 0.8650 is support
ING’s Chris Turner expects the Bank of England to leave policy unchanged in a 7–2 vote while sounding hawkish, but ultimately sees UK inflation peaking near 3.5% later this year without triggering tightening.
The EUR/GBP cross pares gains near 0.8650 during the early European trading hours on Thursday. The British Pound (GBP) trades flat against the Euro (EUR) following the UK employment report. All eyes will be on the Bank of England (BoE) interest rate decision later on Thursday.
RaboResearch Global Economics & Markets discusses recent UK CPI and labour data and their implications for the Pound, EUR/GBP and GBP/USD. The bank notes softer UK inflation, signs of spare capacity in the labour market and tighter financial conditions.
The EUR/GBP cross gathers strength to around 0.8650 during the early European trading hours on Wednesday. The British Pound (GBP) weakens against the Euro (EUR) following the UK inflation report for May.
The Euro (EUR) shows a positive stance against the British Pound (GBP) on Monday, with bulls pushing toward one-week highs in the 0.8645 area.
ING’s Chris Turner highlights several risks for the Pound this week, centred on the Bank of England meeting and a key Labour by-election.
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