EUR/GBP to move back below the 0.83 lelvel in the near-term – ING EURGBP Banks
“The pound did not follow other European currencies higher in the rally induced by peace-talk optimism, and is now suffering very little from market doubts about an imminent de-escalation in the conflict.”
“The EUR/GBP downtrend may continue in the coming days, and we think a return to 0.83 remains likely in the near-term.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
83 Texas Lawmakers Ask for Clemency for Melissa Lucio, 'Wrongly' Convicted of Killing 2-Year-Old DaughterDozens of Texas lawmakers are seeking clemency for death-row inmate Melissa Lucio, who advocates say is innocent of killing her 2-year-old daughter.
Read more »
GBP/USD Nudges Higher on USD Weakness, EUR/GBP Rallies, GBP/JPY Slips LowerA mixed bag for Sterling traders to look at today with GBP pushing higher against the US dollar and continuing its short-term fall against the Euro and the Japanese Yen. Get your market update from nickcawley1 here:
Read more »
EUR/USD Forecast: Shot down as safe haven flows move into the greenbackThe EUR/USD pair has been under immense pressure on Thursday as the markets moved back into a cheaper US dollar. The lack of progress in peace talks
Read more »
Japanese Yen Technical Analysis: USD/JPY, EUR/JPY, GBP/JPYThe Japanese Yen has finally started to stage some element of recovery after an aggressive 2.5 week spurt of weakness. Get your market update from JStanleyFX here:
Read more »
GBP/USD off from day’s high at 1.3140 ahead of UK’s GDP and US Jobless ClaimsThe GBP/USD pair has witnessed a steep fall in the Asian session after tumbling below the consolidation, which placed in a narrow range of 1.3125-1.31
Read more »
Bitcoin just regained a key price trendline after its longest absence since March 2020Bitcoin just reclaimed the 350-day moving average, an essential component of PositiveCrypto's Golden Ratio Multiplier.
Read more »