Share: EUR/GBP falls from a 5-month high of 0.8754, currently trading at 0.8705. Eurozone inflation drops to 2.9% in October, while GDP for Q3 misses forecasts, contracting by 0.1%. The Bank of England is expected to keep rates unchanged at 5.25% on November 2, as traders priced in rate cuts towards the end
British Pound – GBP/USD and EUR/GBP Technical Outlooks Recommended by Nick Cawley Get Your Free GBP Forecast For all market-moving economic data and events, see the DailyFX Calendar The US dollar is caught in a small down draft, prompted by a sell-off in US Treasury yields. After hitting a multi-year high of 5.26% last week,
Share: EUR/GBP bottomed at a low of around 0.8695 and then recovered toward 0.8715. The EUR traded firm on Friday after the ECB’s decision on Thursday to hold rates steady. Focus now shifts to next week’s BoE decision on Thursday, which is also expected to hold rates steady at 5.25%. At the end
The EURGBP – a major cross-currency pair – has seen up-and-down price action today. The initial low found support near the low of a swing area and 0.86982. The subsequent move back to the upside took the price up to 0.8725 before rotating back down again to retest the low from earlier today. Now, the
Share: The EUR/GBP climbed to a fresh five-month high at 0.8740 on Friday, but the Euro bid proves short-lived. The Euro is set to close out Friday’s trading session in the red, but still sees green for the week against the Pound Sterling. Next week sees EU & UK PMI double-header on Tuesday.
Euro News and Price Action Setups Recommended by Richard Snow Get Your Free EUR Forecast Lack of EU Data and Plenty Fed Speak Could Challenge Euro Upside A distinct lack of EU-focused data this week has left the euro with few local drivers but despite this, EUR/USD shows resilience in the face of rising US
Share: EUR/GBP hovers below the psychological level at 0.8700. The uncertainty over the BoE’s further policy actions put pressure on the Pound Sterling. ECB is expected to hold further interest rate hikes could weigh on the Euro. EUR/GBP trades higher around 0.8680 during the Asian session on Thursday. The uncertainty of the next
Euro, EUR/USD, US Dollar, EUR/JPY, Japanese Yen, EUR/GBP, British Pound, Trend, Range – Talking Points Euro appears to be struggling against the US Dollar with a trend unfolding EUR/JPY has steadied after a downside breakout move was rejected EUR/GBP continues to bounce around in the range for now. Will EUR/GBP break out? Recommended by Daniel
Euro (EUR/USD, EUR/GBP) Analysis Minutes Suggest the ECB is Content with Rates, Focused on the Economy ECB minutes revealed it was a close call to raise interest rates for the tenth and possibly last time, the last time the Governing Council met. The majority of officials anticipate that record high interest rates (4%) will play
Number of traders net-short has decreased by 10.45% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI EUR/GBP BEARISH 51.31% 48.69% 12.46% Daily -0.89% Weekly -1.86% Daily -10.45% Weekly 5.00% Daily -5.79% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
