EUR/GBP: Driven by politics and rate hikes – Rabobank

There has been a choppy upward bias evident in EUR/GBP since late January and much of this had been unwound ahead of and on the back of the hawkish BoE policy meeting on February 8, before EUR/GBP headed higher again, explains Jane Foley, Research Analyst at Rabobank.  Key Quote ...

EUR/GBP stable around £0.8880 ahead of Merkel-May Summit

The EUR/GBP trades in a fairly narrow range around £0.8880.  Rising US stocks and no new worries about Brexit support the current stability. A meeting between UK PM Theresa May and her German counterpart Angela Merkel is due on Friday in Berlin. The EUR/GBP is marginally lowe ...

EUR/GBP: GBP got a boost on soft Brexit optimism

GBP boosted by hopes of a soft Brexit. EU may soften their stance on Brexit terms. EUR/GBP is trading down 0.2% at around 0.887 in New York Session on reports of EU’s softening Brexit stance. This report came amid ongoing Brexit saga as the UK PM Theresa May is reportedly facing a crisi ...

EUR/GBP finds some support near 200-DMA

   •  Struggles to sustain above 0.8900 handle.    •  Long-unwinding turning out to be a key drag. The EUR/GBP cross extended overnight retracement slide from one-month tops and remained heavily offered through the mid-European session. The cross has no ...

EUR/GBP faces initial support around 0.8800 – Commerzbank

Occasional dips in the European cross should meet initial support in the 0.8800 neighbourhood, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “EUR/GBP is about to encounter the .8926 mid January high and the 8959 top of the channel. Initial support lies circ ...

EUR/GBP risks skewed to the upside – Danske Bank

Piet Christiansen, Senior Analyst at Danske Bank, notes the European cross could still edge higher. Key Quotes “The dip in EUR/GBP following the strong UK inflation prints yesterday proved short -lived as expected and the cross ended the day slightly higher”. “The market i ...

EUR/GBP: Risks moderately skewed to the upside – Danske Bank

The dip in EUR/GBP following the strong UK inflation prints yesterday proved short -lived as expected and the cross ended the day slightly higher, notes Senior Analyst, Piet P.H. Christiansen at Danske Bank. Key Quotes “The market is already pricing in a 19bp hike in May and we see limite ...

EUR/GBP up ahead of European markets, but price constrained near 0.8900

EUR/GBP up in Asia ahead of EU GDP data. Volatility and volume for the pair remains low. EUR/GBP is paring back but still up in Asia trading on low volatility, testing the 0.8900 region. The Euro has gained against the Sterling for the past few days, and with EU GDP data coming up at 10:00 GM ...

EUR/GBP: bulls running out of steam, or headed to 0.8936

EUR/GBP: bulls back in control. EUR/GBP: running on fumes? EUR/USD in the driving seat. EUR/GBP has recovered from the late European lows and rallied on dollar weakness and even remained bid on the UK CPI data that beat expectations. Currently, EUR/GBP is trading at 0.8899, up 0.17% on th ...

GBP stays vigilant on CPI, BoE sets to hike in May – Danske Bank

Analyst at Danske Bank Aila Mihr noted today’s inflation figures in the UK economy will be the biggest risk event for the Sterling. Key Quotes “For GBP, focus today will be on the UK CPI print. Market is already pricing in around 70% probability of a rate hike in May, and we would nee ...

GBP: Focus on the UK CPI – Danske Bank

Analyst, Aila Mihr at Danske Bank, suggests that for GBP, focus today will be on the UK CPI print as market is already pricing in around 70% probability of a rate hike in May, and they would need to see a significant upside surprise in the CPI figures to lift UK interest rates higher today. Ke ...

EUR/GBP takes rest at 0.8880 ahead of UK CPI release

The two-day rally stalled in Asia at 0.8880.  Focus on UK CPI The two-day rally or the "v" shaped recovery in EUR/GBP from Thursday's low of 0.8732 seems to have come to halt below the 0.89 handle in the last 12 hours.  As of writing, the currency pair is flatline ...

EUR/GBP: Euro may face big hurdle around 0.8915-0.8930

0.8915-0.8930 is a bis resistance for the FX pair. Only sustaining above 0.8930, EUR/GBP will jump further. EUR/GBP is now trading around 0.8823 at mid-New York Session, up by almost 0.30% and so far made a high of 0.8892 on upbeat ECB talks and prospects of German political stability couple ...

EUR/GBP bulls taking charge, looking to 0.8936?

EUR/GBP bulls in control on Monday. EUR/GBP bears nocked back by Brexit concerns despite hawkish BoE. EUR/GBP ended NY at 0.8810 down 0.34% and was better bid in the open of Asia overnight until a break from the bears to the 100 hourly SMA at 0.8843. However, the cross picked up by the bull ...