EUR/GBP drops to around 0.8700 as French government considers delaying pension reforms
EUR/GBP Update During the early hours of Wednesday’s European session, the EUR/GBP exchange rate dropped to about 0.8705. The euro continues to show weakness against the British pound following French President Emmanuel Macron’s decision to reappoint Sébastien Lecornu as prime minister. Later on, Eurozone industrial production data for August is set to be released. Prime […]
EUR/GBP remains strong above 0.8700 as Macron presents new government in France
Market Overview The EUR/GBP currency pair saw a slight increase, hovering around 0.8705 early on Monday in Europe. The British pound (GBP) weakened against the euro (EUR) amid rising concerns over potential tax increases that could come in the forthcoming autumn budget. Traders are awaiting the UK jobs report, which is set to release later […]
EUR/GBP weakens as Eurozone PMI strength does not support the Euro
The EUR/GBP dipped below 0.8660, ending a two-day increase after reaching an intraday high of 0.8670. The Eurozone’s manufacturing PMI increased to 50.7 in August, surpassing flash estimates of 50.5. The UK’s manufacturing PMI fell to 47.0, missing the forecast of 47.3. The Euro has weakened against the British Pound, with the Euro/GBP trading just […]
EUR/GBP weakens below 0.8650 as traders prepare for US-Ukraine discussions
The EUR/GBP has dipped to nearly 0.8630 during early European trading on Monday. The UK’s economic growth slowed by 0.3% in the second quarter, but this decline was better than economists had predicted. Investors are paying close attention to the upcoming meeting between Trump and Zelensky later on Monday. The EUR/GBP is expected to trend […]
EUR/GBP weakens to around 0.8600 following positive UK GDP figures.
The EUR/GBP has fallen to around 0.8615 during early European trading on Thursday. The UK’s quarterly GDP rose by 0.3% in the second quarter of 2025, which is stronger than anticipated. A more long-term perspective on ECB rates might help stabilize the EUR from significant losses. The EUR/GBP exchange rate is slipping to approximately 0.8615 […]
EUR/GBP remains stable around 0.8650 as investors look forward to UK GDP figures
The EUR/GBP hovers around 0.8650 in the early European session on Wednesday. Eu Zew’s financial sentiment took a nosedive in August. Investors speculate on a possible BOE rate cut following UK employment data. The EUR/GBP appears to be trading at approximately 0.8650 this morning. The Euro seems to be gaining a bit more ground against […]
EUR/GBP moves up slightly past 0.8650 with hopes for a possible US-Russia meeting
The EUR/GBP is expected to settle around 0.8665 during the early European trading on Monday. Optimism over possible discussions between the US and Russia is supporting the euro. The Bank of England (BOE) has indicated a cautious approach that may help to stabilize the GBP. The EUR/GBP is climbing toward 0.8665 during Monday’s early European […]
EUR/GBP moves downward as Bank of England rate cut approaches
The EUR/GBP saw selling pressure on Monday, lingering just above the psychological level of 0.8700, with a rise of over 0.20%. Traders are adjusting positions ahead of the Bank of England’s monetary policy meeting set for Thursday, August 7th. The UK’s economic forecast is being challenged by tax increases, declining consumer demand, and a weakening […]
EUR/GBP rises above 0.8650 as the EU prolongs the halt on countermeasures to US tariffs
The EUR/GBP is increasing as the EURO gains strength after the EU decided to continue suspending its retaliation measures against US tariffs. President Trump has announced a 30% tariff on imports from the European Union and Mexico. The pound is under pressure due to disappointing GDP figures from the UK, raising expectations for potential rate […]
EUR/GBP drops below 0.8550 before Bailey’s speech at the BoE
The EUR/GBP is expected to drop to around 0.8525 during the early European session on Thursday. Positive UK PMI data bolsters the pound and applies pressure on the cross rate. Bank of England’s Bailey notes evidence of a weakening labor market. The EUR/GBP pair lost momentum, nearing 0.8525 in the early hours of Thursday, with […]