Category: EURGBP
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Chart Art: Can EUR/GBP Stay Inside Its Range?
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The EUR/GBP pair is moving back and forth between the support level at 0.8300 and the resistance level at 0.8450. Is it preparing for a breakthrough soon? Or are we about to see another bounce off these inflection points? EUR/GBP 4 hours Chart by TradingView The ECB’s dovish rhetoric appears…
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Volatility in EUR/GBP currency pair to remain supressed
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The European Central Bank and the Bank of England are likely to adopt “similar” stances on monetary policy going forward, although the BoE is expected to adopt a slightly more hawkish approach, according to analysts at UBS. In a note to clients, analysts added that the economic situation in the…
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UBS sees stable EUR/GBP with slight GBP advantage By Investing.com
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UBS Bank indicated on Tuesday a stable outlook for an average With a slight bearish bias for the pair, the stability is attributed to similar monetary policy cycles between the Bank of England and the European Central Bank. UBS noted that the Bank of England’s decision to cut interest rates…
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Chart Art: EUR/GBP Long-Term Trend Line Breakout and Retest
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Did you miss the opportunity to rise in the daily trend line of the EUR/GBP pair? I see a continued pullback to this potential support area, which coincides with the Fibonacci retracement levels. Is the Euro heading higher soon? EUR/GBP Daily Currency Pair Chart by TradingView As you can see…
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Chart Art: EUR/GBP Reversal Pattern Forming?
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I see a classic chart pattern forming on the 4-hour chart of the EUR/GBP pair! Will we see a trend reversal soon? Check out the near term resistance I’m watching: EUR/GBP currency pair on 4-hour chart Chart by TradingView The Bank of England’s decision to cut interest rates has sent…
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UBS optimistic on British pound, sets EUR/GBP target at 0.8400 By Investing.com
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UBS has expressed a bullish outlook for the pound, citing recent comments from new UK Chancellor Rachel Reeves on the government’s growth agenda. Reeves stressed the limited scope of government spending, indicating that the administration will focus on supply-side reforms to stimulate investment and growth. UBS noted that despite similar…
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EUR/GBP edges up, softer UK employment data not material for sterling By Investing.com
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Investing.com – The pair rose 0.2% on Tuesday. The move came after reports indicated a larger-than-expected decline in employment in the UK along with earnings numbers that were marginally lower than expected. “The Bank of England has warned that this could be indirectly affected by data issues affecting the labor…
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Analysts sees upside for EUR/GBP amid weak UK retail sales By Investing.com
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Analysts at ING said that the currency pair appears undervalued, after UK retail sales data came in below expectations. The report released today showed a 2.7% year-on-year decline in core retail sales for April, with the underlying figure, excluding motor fuels, down 2.0%. Furthermore, March sales data was revised downward.…
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Morgan Stanley sets EUR/GBP target at 0.82 on policy divergence By Investing.com
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Morgan Stanley has outlined its foreign exchange strategy, recommending investors take short positions in the currency pair, setting a target of 0.82. The company’s analysis suggests that this trade is likely to benefit from a combination of attractive adjusted volatility and an expected pick-up in UK economic growth momentum. Morgan…
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ING anticipates EUR/GBP rise as BoE rate cut bets increase By Investing.com
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Broker ING flagged potential downside risks for the British pound, noting the currency’s recent decline from its peak against the euro. The sensitivity of the pound to the performance of US stocks has been highlighted as a contributing factor to its movement. The company also noted a decline in the…
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FX Watch: EUR/GBP to Make New May Highs Ahead of the BOE Event?
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The pound has lost points against the euro so far in May. While there are no headlines explaining the euro’s gains against sterling, traders may take into account concerns about growth in the UK and the improving outlook for growth in the euro zone. Traders who may have been pricing…