Economic news

The strength in the euro has cooled off as other currencies recover some ground. Can the bias remain upwards?

UK CPI comes in unchanged in June at 2% causing markets to question whether the BOE will cut rates in August

After softer US CPI causes the dollar to drop, find out how the latest USD pairs have been trading

GBP continues to build the bullish appetite after the UK general election amid stronger GDP data

EUR/GBP faces increased bearish pressure ahead of the UK CPI data and BoE meeting

GBP/USD continues to face downward pressure despite higher wages in April

Consumer inflation ticked up in May in the Eurozone but markets remain convinced a rate cut is coming on June 6th.

GBP/USD turned bearish on Wednesday after being rejected at 1.28 the day prior. It’s not the first time the pair has been rejected at that level which suggests it has become somewhat of a psychological barrier, at which buyers need to show increased commitment to overcome.

EUR/GBP is retesting a long-term support zone which is relevant across multiple timeframes. Let’s explore the trading opportunities available on different timeframes.

The EURGBP is driven by the question: which cuts first, the ECB or the BOE? Currently, swaps markets (chart below) imply that it will be the ECB (blue line).