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 […]
EUR/GBP rises close to 0.8500 due to disappointing UK GDP figures.
The EUR/GBP rose recently to around 0.8495 during Thursday’s early European trading session, marking a 0.27% increase for the day. The UK’s GDP showed a 0.3% month-over-month growth in April, falling short of expectations. ECB President Lagarde mentioned that the central bank is well-positioned regarding interest rates but hinted at a potential pause in rate […]
EUR/GBP flat lines near 0.8450 amid Trump tariff threats, growing BoE rate cut bets – FXStreet
In early European trading on Wednesday, EUR/GBP remained flat around 0.8440. The euro fell after President Trump vowed to impose tariffs on the EU. Britain's unemployment rate rose in the three months to November, raising the possibility that the Bank of England will cut interest rates next month. Early in European trading on Wednesday, the […]
EUR/GBP sticks to gains around 0.8635-0.8640 area after UK data/German CPI – FXStreet
EUR/GBP has regained positive traction and is supported by a combination of factors. Mixed macro data in the UK led to speculation that the Bank of England would cut interest rates, causing the pound to fall. The rise in Germany's core CPI provides some support for the common currency and spot prices. The EUR/GBP cross […]
EUR/GBP Price Forecast: Extends downside, initial support level emerges below 0.8300 – FXStreet
EUR/GBP extended its decline to around 0.8310 in early European trading on Friday. The negative outlook on the cross remains as the RSI indicator is bearish and the price is below the 100-day EMA. The immediate resistance level appears at 0.8355. The first downside target is seen at 0.8290. Early in European trading on Friday, […]
EUR/GBP falls below 0.8400 due to rising likelihood of a rate cut by ECB – FXStreet
EUR/GBP stalled as falling eurozone inflation data increased the likelihood that the ECB would cut interest rates this month. The market reflects a 95% probability that the European Central Bank will cut interest rates by 25 basis points in October. According to the BoE's DMP survey, British businesses' inflation expectations for the year ahead fell […]
EUR/GBP Price Analysis: Technical outlook favors the downside as selling pressure mounts – FXStreet
EUR/GBP has fallen further as buying pressure continues to subside. The latest price movements and technical indicators suggest that further declines are possible. 0.8380 will act as a strong barrier for sellers. On Thursday’s session, EUR/GBP fell below 0.8400, dropping slightly by 0.20%. On the technical side, the overall trend remains bearish amid intensifying selling […]