EUR/GBP clings to gains, near weekly tops post-EZ CPI

   •  Continues gaining positive traction for the third consecutive session.    •  Final EZ CPI print matches preliminary estimates and remains supportive.    •  Brexit worries to keep GBP bulls on the defensive and limit any downside. Th ...

EUR/GBP now targets the 0.8960/69 band – Commerzbank

The European cross could now return to the 0.8960/69 band, suggested Senior Analyst at Commerzbank Axel Rudolph. Key Quotes “Last week EUR/GBP reached the .9014/34 October and November 2017 highs before rapidly falling to the three month support line at .8899, only to then bounce off it. Th ...

EUR/GBP Technical Analysis: Bearish pullback goes on

EUR/GBP is consolidating for the fourth day in a row. Bulls want to resume the bull trend but they need at least convincing break above 0.8937.  On the flip side, bears want to keep the currency cross below the 200-period simple moving averages on the 15-minute chart and below 0.8937.  ...

EUR/GBP underpinned by 0.8890 – Commerzbank

According to Senior Analyst at Commerzbank Axel Rudolph, the European cross should remain underpinned by the 0.8890 area. Key Quotes “Last week EUR/GBP reached the .9014/34 October and November 2017 highs before rapidly falling back towards the three month support line at .8890 which i ...

EUR/GBP Technical Analysis: Bulls need progress soon

The EUR/GBP defended the trendline sloping upwards from the June 15 low and July 16 low on Monday, still, it is too early to call a bull reversal as the pair is yet to take out the descending trendline hurdle, as seen in the hourly chart below. The downward sloping 50-hour, 100-hour movin ...

GBP: Volatility in potential Brexit outcomes has increased – Nordera

Analysts at Nordea explained that sterling has been hammered (in particular versus the USD) by comments from both Mark Carney and Trade Secretary Liam Fox hinting that the implied probability of a no-deal Brexit is on the rise. Key Quotes: "At the same time as the no-deal scenario look ...