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EURGBP - EUR/GBP Technical Analysis: Faces hardened support; bearish tone tested
Summarizing, in order to cement EURGBP’s bearish demeanour, the price would be required to clearly breach the durable 0.8670-0.8690 obstacle. However, a shift back above the 0.8800 mark could fuel ...
Reflation concerns prompts yields spike, UK CPI up next
Over the past few weeks, it’s been notable that bond markets, both in the UK and in the US are starting to price the risk of higher inflation pressures, as long-term yields move to the upside.
British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP
GBP/USD had built in to a very clear rising wedge formation, with resistance holding at a key spot on the chart. With USD-strength continuing to hold, and with GBP/USD bulls thwarted at confluent ...
EUR/GBP: Euro-Sterling Drops Into Support, Several Events Could Lead To A Bounce
It is now at an area of support, but whether or not it can bounce or even bottom depends on the current drivers. The main catalyst for the drop is clearly the two-speed vaccine roll out, where the UK ...
Sterling hits fresh highs vs dollar and euro
Sterling hit two-and-a-half-year highs against the dollar on Tuesday and set a nine-month high to the euro as investors continued to bet that rapid COVID-19 vaccinations would set Britain up to ...