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Euro/British Pound (EUR/GBP) Exchange Rate
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In early trading, the Euro had slipped from Tuesday’s 5-month peak but is presently working its way back on newfound confidence that Marine Le Pen will be soundly defeated in France’s upcoming presidential election.
The Pound Sterling took a sharp dive versus the common currency Euro, largely a factor of the relief felt over Sunday’s presidential elections in France.
The Pound Sterling moved higher against the US Dollar, which is still under heavy pressure as a result of geopolitical risk.
Check out the Forex forecast focusing on major currency pairs for the week of April 10, 2017 here.
Solid economic data helped to build momentum for the US Dollar, raising expectations of additional rate increases during the year.
Be prepared for the week ahead with our Forex forecast focusing on some of the major currency pairs you should pay attention to while trading.
Get the EUR/GBP Forex signal for February 22, 2017 here.
The Pound Sterling edged away from the Euro, retreating from the highest price in a month, as FX traders were awaiting the latest economic data from the UK, specifically January’s inflation.
Start the new year and new month of January 2017 with our Forex forecast for major currency pairs. The new trading week is here, so be prepared.
This pair is to be an interesting to watch during the coming year. The reason I say this is that we of course have a lot of bearish pressure on the British pound overall due to the “Brexit”, but quite frankly I think by the end of the gear it will become obvious to just about everyone that the United Kingdom made the smart choice by leaving.
Check out our weekly Forex forecast focusing on major currency pairs for the trading week of December 12, 2016 here.
Pound Sterling Edged higher versus the US Dollar as FX traders await new cues as to Britain’s departure from the EU.
The Pound Sterling edged higher against the US Dollar as risk sentiment improved across the globe, however analysts point out that any gains are likely limited as investors consider the likely impact of the Brexit.
The world’s major markets were trading at least marginally higher last week, for a change.
Brexit is forecasted to be the most expensive 'political divorce'. Will the pound balance the storm, or will it sink further? How will the GBP/Euro trading be affected?
While markets are preparing themselves for Mario Draghi’s speech later today, in the interim they’re digesting the latest news from Eurostat which showed September CPI figures meeting analysts’ expectations.
The EUR/USD, arguably the most traded currency pair in the world, remains lower with the Euro under continued pressure despite the latest economic data.
The US Dollar dipped in early Asian trade, coming under pressure from the partial rebound of the Pound Sterling after the previous session’s dramatic losses.
The Pound Sterling continued to slide against the US Dollar, again striking below the $1.23 level as concerns mount over the repercussions of the upcoming Brexit.
The EUR/GBP pair initially tried to rally during the day on Wednesday, but as you can see struggled near the 0.855 level.