MENU

Pound Sterling: Bailey in Clearest Rate Hike Warning Yet

Pound Sterling: Bailey in Clearest Rate Hike Warning Yet


The British Pound is close to the previous week's highs against the Euro and Dollar with markets on Monday digesting perhaps the strongest hint yet that the Bank of England is intent on raising interest rates soon.


Pound Sterling Data and Latest News


1 Day
1 Week
1 Month
This Year
Past Year
5 Years
10 Years

vs G10

vs Next 10

Loading

* 1 Week = past 5 trading days, 1 Month = past 20 trading days, This Year = 2021, Past Year = Past 365 Days

Click Here for More GBP Pairs

Click for EUR | USD | AUD | NZD | CAD | JPY | ZAR | SEK | NOK | CHF


Euro Data and Latest News


1 Day
1 Week
1 Month
This Year
Past Year
5 Years
10 Years

vs G10

vs Next 10

Loading

* 1 Week = past 5 trading days, 1 Month = past 20 trading days, This Year = 2021, Past Year = Past 365 Days

Click Here for More EUR Pairs

Click for EUR | USD | AUD | NZD | CAD | JPY | ZAR | SEK | NOK | CHF


U.S. Dollar Data and Latest News


1 Day
1 Week
1 Month
This Year
Past Year
5 Years
10 Years

vs G10

vs Next 10

Loading

* 1 Week = past 5 trading days, 1 Month = past 20 trading days, This Year = 2021, Past Year = Past 365 Days

Click Here for More USD Pairs

Click for GBP | EUR | AUD | NZD | CAD | JPY | ZAR | SEK | NOK | CHF

Effective Exchange Rates

Cryptocurrency Live Prices in Pounds, Euros and Dollars

Currency Change 24h Price (GBP) Price (EUR) Price (USD)
Dogecoin DOGE +4.27%

Dogecoin price in Pounds

0.1782 View Data

Dogecoin price in Euros

0.2111 View Data

Dogecoin price in Dollars

0.2446 View Data
Buy Now
Bitcoin BTC +2.95%

Bitcoin price in Pounds

45103.4845 View Data

Bitcoin price in Euros

53433.5 View Data

Bitcoin price in Dollars

61920.0756 View Data
Buy Now
Ethereum ETH -0.79%

Ethereum price in Pounds

2792.1643 View Data

Ethereum price in Euros

3307.84 View Data

Ethereum price in Dollars

3833.2077 View Data
Buy Now
Tether USDT +0.23%

Tether price in Pounds

0.7273 View Data

Tether price in Euros

0.8616 View Data

Tether price in Dollars

0.9984 View Data
Buy Now
Ripple XRP -2.7%

Ripple price in Pounds

0.7944 View Data

Ripple price in Euros

0.9412 View Data

Ripple price in Dollars

1.0906 View Data
Buy Now
Litecoin LTC +0.26%

Litecoin price in Pounds

134.9893 View Data

Litecoin price in Euros

159.92 View Data

Litecoin price in Dollars

185.3193 View Data
Buy Now
Cardano ADA -0.64%

Cardano price in Pounds

1.5643 View Data

Cardano price in Euros

1.8533 View Data

Cardano price in Dollars

2.1476 View Data
Buy Now
Polkadot DOT +1.4%

Polkadot price in Pounds

31.1064 View Data

Polkadot price in Euros

36.8513 View Data

Polkadot price in Dollars

42.7042 View Data
Buy Now
Enjin ENJ -1.7%

Enjin price in Pounds

1.1808 View Data

Enjin price in Euros

1.3989 View Data

Enjin price in Dollars

1.6211 View Data
Buy Now
Bitcoin Cash BCH -0.48%

Bitcoin Cash price in Pounds

447.2153 View Data

Bitcoin Cash price in Euros

529.81 View Data

Bitcoin Cash price in Dollars

613.9571 View Data
Buy Now
Stellar XLM +1.84%

Stellar price in Pounds

0.283 View Data

Stellar price in Euros

0.3353 View Data

Stellar price in Dollars

0.3885 View Data
Buy Now
Chainlink LINK -3.17%

Chainlink price in Pounds

19.1338 View Data

Chainlink price in Euros

22.6675 View Data

Chainlink price in Dollars

26.2677 View Data
Buy Now
Aave AAVE -2.86%

Aave price in Pounds

219.5638 View Data

Aave price in Euros

260.1143 View Data

Aave price in Dollars

301.4269 View Data
Buy Now

EUR/USD Key Levels to Watch this Week

EURUSD

Image © Adobe Images

The EUR/USD exchange rate starts off the new week in lacklustre fashion and is seen at 1.1724, analyst Richard Perry of Hantec Markets says the exchange rate is lacking in conviction.

We are increasingly looking at EUR/USD as being a market lacking direction.

A two-week drift higher subsequently spent last week retracing back lower.

However, the market has spent recent sessions holding around the old 1.1695 support area with Friday’s small candlestick body filtering into an early lack of conviction again today.

EURUSD daily

Although we still see momentum indicators (RSI, MACD) broadly flattened, the falling Stochastics lends a slightly negative bias.

A decisive close below 1.1685 would open pressure on 1.1610 key September support.

Initial resistance at 1.1720/1.1745.

EURUSD forecasts

Markets continue to trade with a lack of certainty as newsflow of major macro factors remain on a knife edge.

However, slight chinks of light over the weekend are generating a mild positive risk bias this morning.

In one final attempt to break a deadlock on US fiscal support, Democrat House Speaker Pelosi gave a 48 hour deadline over the weekend.

It means that the next couple of days could generate elevated volatility on any announcements, but markets are taking this as a positive.

Furthermore, although no agreement has been reached yet between the EU and UK on a post-Brexit trade deal, there were suggestions over the weekend, that there could be changes to the controversial UK Internal Market Bill in order to ease the log-jam.

Sterling has ticked higher early today.

China’s Q3 GDP missed expectations (4.9% actual, versus 5.2% forecast), although other data for September (Retail Sales and Industrial Production) beat expectations to ease any negative aspect from the growth data.

Taking all that in, there is a very slight edge of positive bias to sentiment this morning. US yields are ticking higher, which is translating to marginal US dollar weakness (USD is still very much acting as a safe haven now).

US equity futures are taking a bit of a lead too, but this is coming to balance a disappointing drop into the close on Friday.