This week, trading in the EUR/GBP cross rate developed also in thin market conditions. The intra-day trading pattern was more or less similar to what happened in the EUR/USD headline pair. EUR/GBP reached an intraday top in the 0.8035/40 area. However, the pair was unable to regain Friday’s top. This suggested that the move had […]
The EUR/GBP Technically Speaking Read More »
Yesterday, there was very little to tell on the price action in the EUR/GBP cross rate with little eco data coming off of a holiday on Monday. The pair remained in a narrow range roughly between 0.8050/75. The below consensus BRC shop price report and RICS house price balance were ignored. Uncertainty on the situation
The GBP vs. the USD and the EUR Read More »
The economic calendar is very busy today, after returning from a variety of holidays in Asia and Europe, markets are eager to get back to work. In Europe, investors look out for the final release of the April PMI. The advance reading was quite disappointing and even a slight upward revision will not be able
The EUR, USD, GBP And JPY Read More »
The euro was under moderate pressure as markets tried to assess the impact from the S&P downgrade of Spain. The rise in Spain’s unemployment rate was also of no help. The EUR/USD cross rate was changing hands in the 1.3160 area around the open of the European markets. However, the reaction, on the currency market
The Happy Trio EUR USD And GDP Read More »
