EURGBP Potential for bullish rise towards previous swing high
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleEURGBP Potential for bullish rise towards previous swing highTypeBullish BouncePreference:Looking at the H4 chart, my overall bias for EURGBP is bullish due to the current price being above the Ichimoku cloud, indicating a […]
Poor UK fundamentals to be a drag on the Pound – Rabobank
Strategists at Rabobank point out that the change in the Bank of England’s language favours the doves, they see scope for further rate rises. They continue to expect poor United Kingdom fundamentals to be a drag on the British Pound. Key quotes: “The USD has found further traction on the back of the January […]
EUR/GBP likely to benefit from a dovish BoE statement – Danske Bank
Next Thursday, the Bank of England will announce its decision on monetary policy. Analysts at Danske Bank expected the central bank to hike the Bank Rate by 50 basis points. They see the cycle ending in March with a 25 bps hike. They argue that next week the dovish communication from the BoE should send […]
En route 0.8860 hurdle during four-day uptrend
EUR/GBP grinds near weekly high, up for the fourth consecutive day. Clear rebound from 50% Fibonacci retracement, upside break of 100-SMA favor bulls. One-week-old resistance line restricts immediate upside ahead of monthly top. EUR/GBP picks up bids to 0.8845 as bulls poke intraday high, as well as the weekly top, heading into Wednesday’s European session. […]
Advances for three days, reclaims 0.8820s
EUR/GBP finds acceptance above the 20/50-day EMAs and 0.8800. The January 13 daily high at 0.8897 will be the bull’s next target if the EUR/GBP achieves a daily close above 0.8800. The EUR/GBP hit a five-day new high at 0.8846, as positive Eurozone data outweighed bad UK PMIs, which reignited recessionary fears amongst Britons. Therefore, […]
EURGBP Fails To Break 0.89
In today’s European session, Germany’s final CPI rate for December registered 8.6% on an annual basis, in line with market expectations and the previous value. The final monthly rate was negative for the second consecutive month, at -0.8%, in line with market expectations. The annual and final monthly CPI rates, after reconciliation, were recorded at […]
Sterling helped by the constructive risk environment at the start of 2023 – ING
Sterling has been performing slightly better. Without any doubt, the better risk environment is helping the GBP, economists at ING report. Better risk environment provides some insulation “The UK has quite a large country weight in global equity and debt benchmarks, meaning that flows into these products can provide some support.” “Market pricing of a […]