EUR/GBP Steady Below 0.8350 Ahead of German CPI Data
EUR/GBP Steady Below 0.8350 Ahead of German CPI Data The EUR/GBP pair remains stable near 0.8330 during Thursday’s early European trading session. A cautious outlook and diminishing expectations for a Bank of England (BoE) rate cut in December lend support to the Pound Sterling (GBP), exerting slight downward pressure on the cross. BoE officials continue […]
EUR/GBP Drops Near 0.8400 Ahead of Eurozone Retail Sales
EUR/GBP Drops Near 0.8400 Ahead of Eurozone Retail Sales EUR/GBP surrenders its recent gains from the previous session, trading around 0.8420 during Thursday’s Asian session. Traders are closely watching the Eurozone Retail Sales data set to be released later in the day. The decline in the EUR/GBP pair is driven by growing speculation that the […]
EUR/GBP Slips Below 0.8500 Ahead of BoE Governor Bailey’s Speech
EUR/GBP Slips Below 0.8500 Ahead of BoE Governor Bailey’s Speech The EUR/GBP pair continues its downward trend, trading near 0.8485 during early European trading hours on Friday. The decrease in expectations for a Bank of England (BoE) interest rate cut in September, following positive Purchasing Managers’ Index (PMI) data, is supporting the Pound Sterling (GBP) […]
EUR/GBP Nears 0.8540 Before ECB’s Lagarde Speech
EUR/GBP Nears 0.8540 Before ECB’s Lagarde Speech The EUR/GBP currency pair witnessed a halt in its three-day downtrend, observing a modest rise to approach 0.8540 during Monday’s Asian trading session. This upward movement is primarily attributed to the Euro (EUR) gaining strength following hawkish remarks from members of the European Central Bank (ECB). In addition, […]
EUR/GBP Stays Near 0.8670 Before German Employment Data Release
EUR/GBP Stays Near 0.8670 Before German Employment Data Release During the early European trading hours on Wednesday, the EUR/GBP pair is exhibiting a narrow trading pattern, oscillating between 0.8665 and 0.8675. Market participants are keenly awaiting the release of German employment statistics for December, with the unemployment rate projected to stabilize at 5.9%. As of […]
EUR/GBP Regains Ground, Nearing Mid-0.8600 Range in Response to UK Inflation Data
EUR/GBP Regains Ground, Nearing Mid-0.8600 Range in Response to UK Inflation Data The European currency pair EUR/GBP witnessed a modest rebound in the early hours of the European market session on Wednesday, as it climbed towards the mid-0.8600 territory, a notable recovery from its recent slump. The upswing in the pair was primarily fueled by […]
Euro/Pound Rises Above 0.8700, Focus on Eurozone and UK PMI Data
Euro/Pound Rises Above 0.8700, Focus on Eurozone and UK PMI Data The Euro/Pound (EUR/GBP) exchange rate has shown upward momentum, maintaining its climb above the 0.8700 mark for the second consecutive day amid early trading in the European markets on Thursday. The pair was spotted exchanging hands around the 0.8718 level, marking a modest increase […]
EUR/GBP Eyes the 0.8700 Threshold as Market Anticipates ECB Rate Decision
EUR/GBP Eyes the 0.8700 Threshold as Market Anticipates ECB Rate Decision In recent market activities, the EUR/GBP trading pair has shown a promising upward trend, maintaining positive traction for two successive days. During the early trading hours on Thursday, this cross has been observed around 0.8726, marking a modest but notable 0.02% increase from the […]
EUR/GBP near 0.8700 after UK job data; Eurozone, UK PMI watched
EUR/GBP near 0.8700 after UK job data; Eurozone, UK PMI watched The EUR/GBP cross is facing downward pressure as it approaches the 0.8700 mark. This comes after the release of mixed UK employment statistics on Tuesday. Both the Eurozone and the UK are expected to release pivotal economic data, which will significantly influence the market […]
UK’s Strong Inflation Data Pushes EUR/GBP Below 0.8680
UK’s Strong Inflation Data Pushes EUR/GBP Below 0.8680 During Wednesday’s early European trading session, the EUR/GBP currency pair experienced selling pressure, influenced largely by robust inflation data from the UK. This stronger-than-anticipated inflationary trend propelled the British Pound (GBP) upward, placing the EUR/GBP cross under some strain. Currently, the currency pair stands at around 0.8682, […]
EUR/GBP Surges Above 0.8600, Focus on Fed and BoE Choices
EUR/GBP Surges Above 0.8600, Focus on Fed and BoE Choices EUR/GBP has continued its upward trajectory, making gains for the second consecutive day and currently trading at around 0.8610 during the European trading session on Monday. This surge in the currency pair can be attributed in part to the recent statements made by Christine Lagarde, […]
EUR/GBP Steadies Around 0.8600 Before German CPI Data
EUR/GBP Steadies Around 0.8600 Before German CPI Data In the early stages of the European trading session on Wednesday, the EUR/GBP currency pair continued to exhibit stability within a relatively narrow range, confined between the levels of 0.8597 and 0.8607. The market’s collective attention is fixated on the imminent unveiling of Germany’s preliminary Consumer Price […]
EUR/GBP Stalls Near 0.8600 Ahead of BoE Announcement with Mixed Sentiments
EUR/GBP Stalls Near 0.8600 Ahead of BoE Announcement with Mixed Sentiments EUR/GBP is currently facing a struggle to maintain its strength near the 0.8600 level, as it enters Wednesday’s London session. The cross-currency pair appears to be brushing off mixed Eurozone data, while at the same time validating concerns over the UK’s economic outlook, resulting […]
US May CPI Inflation The Main Dish Today
US May CPI Inflation The Main Dish Today US stock markets retained positive momentum yesterday with the three main indices rising by 0.55% (Dow) to 1.5% (Nasdaq). The S&P 500 rose by almost 1%, closing above the August 2022 top. Tech bell weather Nasdaq cleared that same technical hurdle earlier this month. Stock markets embrace […]
Fed’s 2 Biggest Hawks Yesterday Coloured Trading
Fed’s 2 Biggest Hawks Yesterday Coloured Trading The Fed’s two biggest hawks yesterday coloured trading which until then turned out to be non-directional. Kashkari from the Minneapolis Fed said it’s a close call between a pause and a hike in June, adding that the former wouldn’t mean tightening is over per se. St. Louis Fed […]
Bank of England’s Monetary Policy Committee Preview
Bank of England’s Monetary Policy Committee Preview The Bank of England’s Monetary Policy Committee will meet tomorrow to decide on interest rates. The MPC meeting will be sandwiched between FOMC rate decision that will have taken place today, and the ECB rate decision that would follow an hour and a bit later. The GBP/USD, EUR/GBP […]