Yesterday should have been called International Central Bank Day, with the Peoples Bank of China, the European Central Bank and the Bank of England all making headlines. The EUR/GBP traded quite volatile in the run-up the policy decisions of the BOE and the ECB. The pair hovered in a 0.8020/0.8040 rang going into announcement of […]
The EUR/GBP overdoes it on International Bank Day Read More »
Yesterday, trading in the EUR/GBP cross rate was confined to a tight sideways trading range around the 0.8020 pivot. Monday’s correction of the euro had halted, but there was no appetite/news to send the single currency higher. The UK data neither provided any clear guidance. Contrary to the manufacturing measure on Monday, the construction PMI
The EUR/GBP prepares for the Battle of the Central Banks Read More »
On Wednesday, trading in the major sterling cross rates, including in EUR/GBP, was far less animated than was the case over the previous days. Initially, sterling held near the recent highs against the single currency, but there were no additional gains. The UK data were mixed. The BBA loans for home purchases were weaker than
The GBP Doesnt Measure Up Against the Euro Read More »
Yesterday, sterling was well bid, even as the news flow from the UK was not supportive for the currency. Uncertainty on the outcome of the EU summit was the key factor for trading in the major euro cross rates. However, sterling was an outperformer. EUR/GBP was on a gradual downward trajectory throughout the morning session
The Unsinkable EUR/GBP Read More »
After the quite some wide swings on Tuesday and Wednesday, the EUR/GBP pair had found some kind of equilibrium too. The pair settled yesterday in a sideways trading pattern close to the 0.8100 big figure. There was too little in the way of hard news to push the cross rate away from this pivot. After
The EUR/GBP and the BOE and The Greeks and the Spaniards Read More »
On Wednesday, trading in the EUR/GBP cross rate mostly joined the intraday trading pattern of the headline EUR/USD pair. EUR/GBP hovered near the 0.81 area during the morning session. The pair tumbled going into the ECB policy decision and early in the press conference, reaching an intraday low at 0.8051. So, the lack of policy
A Look At the EUR/GBP before the BoE Statement Read More »
On Monday, London markets were closed. However, even with no UK economic news on the screens, trading in the EUR/GBP cross rate was quite interesting. The pair was seen in the high 0.80 area during the morning session in Europe. A new up leg in the euro during the US trading hours also pushed EUR/GBP
A Fundamental and Technical Look at the EUR/GBP Read More »
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, trading in the EUR/GBP pair was confined to a very tight sideways trading range in the low 0.8000 area. This relative calm occurred even as there were quite some headlines both from EU and the UK. The euro was under slight pressure at the start of trading in Europe as investors were disappointed on
Today's View Of The EUR/GBP Read More »
At the close of last week the euro/pound held below the 0.8222 previous range bottom. The UK retail sales were reported strong but this was not enough to push sterling from further gains against the single currency. The EUR/GBP basically held a sideways trading pattern roughly between 0.8165 and 0.8205. The pair was changing hands
The EUR/GBP Cools Down Read More »
