0.858
Today
+0.07%
5 Days
+0.31%
1 Month
+0.26%
6 Months
-1.05%
Year to Date
-1.55%
1 Year
-1.50%
Opening Price
0.857Previous Closing Price
0.857
Rebound above 0.8567 towards 0.8594
below 0.8567, expect 0.8558 and 0.8552.
Rebound above 0.8567 towards 0.8594
EUR/GBP edges higher on Tuesday as the British Pound (GBP) remains under pressure across the board, weighed by concerns over the UK’s deteriorating fiscal outlook and the Bank of England’s (BoE) reluctance to raise interest rates while several major central banks have moved toward tighter policy.
ING’s Francesco Pesole notes EUR/GBP has held a tight 0.855–0.860 range since early September after a Bank of England (BoE) meeting that did not strongly challenge aggressive market tightening expectations.
EUR/GBP trades around 0.8575 on Monday at the time of writing, virtually unchanged on the day. The Euro (EUR) struggles to regain bullish momentum against the British Pound (GBP), as political concerns in Germany partly offset support from falling Oil prices.
The Euro (EUR) trades practically flat, just above 0.8570 against the British Pound (GBP) on Monday, holding losses after Friday’s reversal from the 0.8600 area.
EUR/GBP trades little changed on Friday as stronger-than-expected UK Retail Sales data lends some support to the British Pound (GBP) after it came under pressure following the Bank of England’s (BoE) monetary policy announcement on Thursday.
EUR/GBP inches lower after three days of gains, trading around 0.8590 during the Asian hours on Friday. The currency cross is facing downward pressure as the British Pound (GBP) gains momentum following stronger-than-expected United Kingdom (UK) Retail Sales data.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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