EUR/GBP: have the bulls got legs for the 50-D SMA?

EUR/GBP: bulls look for a break to the 50- D SMA, has it the legs? EUR/GBP: traders will be looking to the ECB meeting this week, what will it hold? EUR/GBP has broken back to the upside on sterling weekends ahead of this week's ECB which might be a stumbling block for the cross in it ...

GBP: Guided by BoE? – Rabobank

Comments from BoE hawk Saunders this morning suggest that he will likely be voting for an immediate rate rise next month, but after the warnings from Governor Carney yesterday, the market is far less convinced that a May move is on the cards, explains Jane Foley, Senior FX Strategist at Rabobank ...

EUR/GBP soars to 2-week highs as Pound slides on Carney’s comments

Pound tumbles on BoE Carney’s comments.  EUR/GBP correction gained speed signaling a potential bottom.  The EUR/GBP pair jumped from below 0.8700 to 0.8769, in less than 60 minutes hitting the highest level since April 2. The moved was driven by a sharp slide of the pound acros ...

EUR/GBP looks oversold, BoE’s May hike priced in – Danske Bank

Analyst Aila Mihr assessed the recent price action around the Sterling and factored in the upcoming BoE interest rate decision. Key Quotes “Momentum in the GBP rally has eased and GBP/USD has dropped back to 1.43 after the cross reached a new post Brexit high at 1.4377 yesterday. We expec ...

EUR/GBP may make a dash towards 0.86 – ING

Viraj Patel, Research Analyst at ING, explains that the ZEW survey of EZ growth expectations fell to its lowest level since July 2016 (post-Brexit), which may be a fairly ominous sign of what to expect at the April ECB meeting. Key Quotes “The next set of PMI releases early next week will b ...

Forex today: corporate earnings in focus, dollar a proxy trade on data

Forex today was once again governed by corporate earnings season and positive reports making for higher stocks and risk on while German and UK were traded off for a stronger dollar. However, there was little in the way of action in the bond market, yields were edging lower on both the long-term an ...

EUR/GBP: BoE prospects weigh and pound remains in positive territory

EUR/GBP: headed to below 0.86 the figure with eyes to 0.8526? EUR/GBP: technically suffering and fundamentally, BoE rate hike prospects weigh. EUR/GBP is bid on the short term sticks but it has been carving out the downside and is trading below a horizontal daily resistance and ...

Forex today: calmer, dollar/rates down, rethinking the Trump trade again

Forex today was calmer on Monday in both the European and US sessions with markets less concerned over Syria and instead preferred to concentrate on macroeconomic and Central Bank outlooks. On Wall Street, the focus was on corporate earnings.  There s some early concern in rhetoric from Russi ...

EUR/GBP under pressure testing last week’s low

ECB minutes last’s Thursday keep the euro under pressure. The GBP bulls will focus on the UK data this week. The EUR/GBP is trading in the lower part of its daily range and testing last week’s low at 0.8727. The bears are keeping the EUR/GBP cross under pressure sinc ...

EUR/GBP: Brexit trade talks to undermine the pound – Rabobank

According to analysts from Rabobank, anxiety around the trade talks between the European Union and the United Kingdom is likely to weigh on GBP. They forecast EUR/GBP at 0.89 in 3m, 0.90 in 6m, 0.88 in 9M, 0.84 in 12m and at 0.78 in 24M.  Key Quotes:  “Since the BoE turned clearl ...

EUR/GBP plummets below mid-0.8600s, lowest since May 2017

   •  Dovish ECB outlook continues to take toll off the shared currency.    •  Bearish set-up aggravates the selling pressure on Friday. The EUR/GBP cross continued with its steep decline and tumbled to its lowest level since May 24 during the early Europea ...

EUR/GBP now targets 0.8526 – Commerzbank

The European cross is now looking to a test of 0.8526, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “EUR/GBP has at last broken down from the base of its range and we continue to target .8526 the 78.6% retracement of the move from 2017. Near term i ...

EUR/GBP: eyes a break to 0.86 the figure on extended downside

EUR/GBP: breaking the weekly 100 SMA, eyes on 0.8620's. EUR/GBP:  BoE sentiment dominates as main theme, eyes on BoE hike. EUR/GBP has slid down to test the 100 weekly SMA, losing the 0.87 handle. Currently, EUR/GBP is trading at 0.8661, down -0.71% on the day, having posted ...