EUR/GBP gains traction for the second straight day and climbs to over a two-week high on Friday. The BoE’s bleak outlook offsets mostly better-than-expected UK data and undermines the GBP. Upbeat Eurozone Industrial Production figures further provide a lift to the cross in the last hour. Concerns about the energy crisis in Europe could act… Read More »
EUR/GBP renews intraday high, before ticking lower, while staying inside a trend widening chart pattern. UK Q2 GDP shrank 0.1% QoQ versus -0.2% expected, monthly statistics came out softer on MoM, firmer on YoY. Double top around 0.8470 tests bulls, bears need validation from 200-HMA. EUR/GBP remains pressured around 0.8460-55 area after an initial wick to 0.8447… Read More »
EUR/GBP is sensing selling interest around 0.8470 despite the lower consensus for UK economic data. UK households are making higher payouts as subdued earnings are unable to offset soaring inflation. The second-tier Eurozone data is expected to display a vulnerable performance. The EUR/GBP pair is facing barricades around the immediate hurdle of 0.8465 continuously since… Read More »
EUR/GBP has slipped lower after facing selling pressure around 0.8440. An unchanged German HICP at 8.5% has weakened the shared currency bulls. The US GDP is expected to remain vulnerable ahead. The EUR/GBP pair has faced hurdles around the critical resistance of 0.8440 in the early Tokyo session. Earlier, the cross displayed a pullback move… Read More »
A 50% Fibo retracement at 0.8463 is acting as a major barricade for the cross. An establishment in a bullish range (60.00-80.00) by the RSI (14) indicates bullish momentum. The 200-EMA is still untouched, however, the upside momentum warrants a break of the same. The EUR/GBP pair is displaying wild swings as investors are reshuffling… Read More »
EUR/GBP is eyeing an establishment above 0.8440 ahead of German inflation. As per the estimates, the UK economy shrunk by 0.2% in July. The odds of a rate hike by the ECB will remain elevated. The EUR/GBP pair is continuously facing barricades around 0.8440 for the last week. A stretched consolidation in a 0.8401-0.8453 range… Read More »
EUR/GBP is facing hurdles around 0.8440 as investors await Wednesday’s Germany HICP. The German inflation data is likely to remain unchanged at 8.5% annually. A vulnerable UK GDP data may weaken the pound bulls ahead. The EUR/GBP pair is struggling to cross the immediate hurdle of 0.8440 in the early Tokyo session. The asset is… Read More »
EUR/GBP attracts some dip-buying on Monday, though the uptick lacks follow-through. The BoE’s gloomy economic outlook is behind the GBP’s relative underperformance. Recession fears act as a headwind for the euro and kept a lid on any meaningful gains. The EUR/GBP cross attracts some dip-buying near the 0.8415 region and turns positive for the fourth successive… Read More »
