The Euro consolidates near multi-week highs. A string of weak UK data has undermined confidence in the Pound. UK CPI figures and the BoE decision…
EUR/GBP remains firm around 0.8520 in Tuesday’s early European session. Traders expect the ECB to pause its easing cycle this year. BoE rate cut bets continue…
EUR/GBP appreciates due to improved risk sentiment, driven by potential for temporary ceasefire between Israel and Hamas. Israel has submitted revised proposal in hostage negotiations…
EUR/GBP extends the rally to around 0.8525 in Friday’s early European session. Weak UK employment data boosts BoE rate cut bets, weighing on the Pound…
EUR/GBP rises above 0.8500, with prices finding support above key moving averages. ECB officials suggest that the monetary easing cycle may be nearing its end,…
EUR/GBP strengthens to near 0.8495 in Thursday’s early European session, up 0.27% on the day. UK GDP contracted 0.3% MoM in April, weaker than expected.…
EUR/GBP trades with a positive bias for the second straight day on Wednesday. The divergent BoE-ECB expectations continue to act as a tailwind for spot…
EUR/GBP extends its sideways consolidative price move in a one-week-old range. The divergent BoE-ECB expectations support prospects for some meaningful gains. Traders keenly await UK…
EUR/GBP softens to around 0.8420 in Monday’s early European session. ECB’s Lagarde said central bank is in a good position on interest rates. The UK…
EUR/GBP remains stronger after the widely expected ECB’s 25 basis point rate cut on Thursday. The ECB reiterated its commitment to stabilizing inflation at its…