EUR/GBP

Whilst EUR/GBP has remained mostly within the range highlighted last week, subsequent price action suggests a downside break could be on the cards.

EUR/GBP finds itself at an interesting juncture, as a break out of its current range could mark its next directional move.

The increased inflation and fears of low supply of natural gas, combined with risk of a recession, are causing consumer sentiment in the Eurozone to fall to record lows.

EUR/GBP rises as UK CPI hits 9.4%. Nasdaq extends gains with earnings in focus.

Fears of a recession in Europe weighed heavily on the euro last week, which saw the most bearish week for EUR/GBP since the pandemic.

EUR/GBP rises ahead of BoE rate decision. S&P500 tests 2022 low post-Fed.

High inflation, weak growth and unfavourable yield differentials have continued to weigh on the British pound. And talk of another referendum have not helped.

The ECB is providing more hawkish comments while the BOE is less sanguine due to slow expected growth.

EUR/GBP rises ahead of data deluge. Oil rises as supply concerns overshadow demand worries.

Last weeks poor economic data caused the wheels to fall off the Pound.

EUR/GBP edges higher ahead of Eurozone inflation data. Gold looks to US non-farm payrolls.

ECB’s Holzmann wants to raise key interest rates to 0% by yearend.

Peace talks between Russia and Ukraine are set to take place in Turkey this week and will be hosted by Turkish PM Erdogan following a phone call from Putin over the weekend.

If the latest ZEW report was anything to go by, this month’s IFO report on German sentiment could be in for a rough ride.

EUR/GBP falls after inflation hits 6.2%, Spring statement next. Gold looks to Fed Chair Powell.

GBP/EUR falls ahead of BoE rate decision. USD/JPY rises post-Fed, ahead of BoJ.