Economy Forex News

EUR/GBP recovers from Friday’s losses

The single currency trims losses from two consecutive days, despite the BoE’s outlook for a rate hike. ECB Christine Lagarde reinforces that “inflation is largely transitory”. Divergence between the ECB and BoE could benefit sterling against the single currency. EUR/GBP: To extend its fall towards the 0.8385 mark – SocGen. EUR/GBP recovers from two
Economy Forex News

EUR/GBP falls to new lows below 0.8450

A combination of factors triggers further selling around EUR/GBP on Friday. The ECB’s dovish tilt is seen as a key factor behind the euro’s underperformance. Positive Brexit-related news benefits GBP and puts pressure on the pair. The EUR/GBP cross has seen heavy selling during Friday’s European session and has fallen to new yearly lows around […]
Economy Forex News

EUR/GBP looks vulnerable below 0.8500

EUR/GBP witnessed further selling on Thursday and fell to near two-month lows. Signs of relief from the UK fuel crisis boosted sterling and exerted some pressure. Moderate-sounding ECB minutes undermined the euro and contributed to the decline. The EUR/GBP cross fell to near two-month lows during the middle of the European session, with bearish traders […]