0.845
Today
-0.02%
5 Days
-0.47%
1 Month
-1.48%
6 Months
-2.96%
Year to Date
-3.09%
1 Year
-2.79%
Opening Price
0.845Previous Closing Price
0.845
Rebound above 0.8439 towards 0.8466
below 0.8439, expect 0.8430 and 0.8425.
Rebound above 0.8439 towards 0.8466
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.
EUR/GBP remains on the defensive on Monday, sliding to a fresh year-to-date low of 0.8445 as French political and fiscal concerns keep the Euro (EUR) under sustained pressure. At the time of writing, the cross trades around 0.8450, down 0.17% on the day.
The Euro (EUR) has resumed its broader bearish trend against the British Pound (GBP) on Monday after a mild recovery attempt at the end of last week.
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