The Pound-to-Euro rate rebounded from close to year-lows late last week and now, s we start the new week, the charts are appear to be promising a continuation of that rebound higher.
December 17,2018
The British Pound is liable to suffer further losses against the Euro over coming days according to our latest studies of the charts while all eyes turn to parliament on Tuesday for a key Brexit vote where the scale of Theresa May's loss will be key for Sterling.
December 9,2018
Pound Sterling is seen holding a mildly bearish tone in the coming week, however we don't see the prospect of any major directional move in the currency owing to the chronic uncertainty over Brexit.
December 2,2018
From a technical perspective we are now at the key 1.1300 level where substantial resistance is located, and it could present the exchange rate with a 'glass ceiling’ that Sterling will struggle to break above.
November 25,2018
GBP/EUR has now once again broken out of it's long term rising channel - the same channel it only recently clawed back into the week before last; this is a bearish sign for the pair.
November 18,2018
"Theresa May’s Brexit deal crashes" is a headline that could put the Pound on the backfoot against the Euro this week; but the GBP/EUR exchange rate's technical setup remains positive and bodes for further gains.
November 12,2018
The Pound has risen back inside a longer-term range vs. the Euro and our technical studies hint at further advances but we remain accutely aware that the Brexit mood music might shift and undermine our forecast.
November 5,2018
The Pound-to-Euro rate trend may have turned bearish after a several days of steep losses and further weakness could be just around the corner.
October 29,2018
The British Pound's strong rally against the Euro during September and October could resume, suggest our latest technical studies.
October 21,2018
GBP/EUR surges back into long-term rising channel and technical studies suggest it is poised to extend gains after reports a Brexit deal is close at hand. The E.C.B and an E.U. summit that will focus heavily on Brexit will dominate the calendar.
October 8,2018
GBP/EUR has rallied back up to lower channel line but faces resistance near-term, a break of resistance however opens the door to 1.1450. The Conservative party conference poses the main risk for Sterling this week
October 1,2018
Pound Sterling under pressure as prospect of 'no deal' Brexit rises, leaving the short-term trend in the GBP/EUR exchange rate as being decidedly bearish. More downside now likely with targets located in the 1.10s
September 24,2018
The British Pound is in recovery mode against the Euro as Brexit sentiment improve, but a tough technical resistance zone lies ahead. Inflation data dominates Sterling's calendar while for the Euro all eyes are on PMI numbers.
September 16,2018
GBP/EUR has risen after news of progress towards a Brexit deal and recent price action appears to have made a technical reversal and is biased to go higher. The policy meetings of both the UK and Eurozone central banks are the main events in the week ahead
September 9,2018
GBP/EUR remains supported by progress in Brexit talks and the exchange rate is now threatening to breakout of falling channel and reverse trend. The main release for Sterling are PMIs; for the Euro Retail Sales top the economic calendar
September 4,2018
GBP/EUR is closing in on preliminary technical targets in the lower 1.10s and Brexit developments will be key for Sterling this week. Eurozone inflation numbers in focus for the Euro.
October 18,2018
Despite Pound Sterling showing signs of strength towards the close of the previous week, the technical picture suggests the potential for a reversal without sufficient confirmation quite yet.
August 15,2018
Pound Sterling remains vulnerable to further weakness and GBP/EUR could sell-off down to the 1.10s if Brexit risks materialise. The main calendar release for Sterling is Q2 GDP - for the Euro the ECB's Economic Bulletin.
August 6,2018
GBP/EUR sitting at bottom of long-term range with risk of breakdown, a break of 1.1164 lows would confirm more downside. Bank of England meeting main event for Pound; inflation data main release for the Euro
July 30,2018
GBP/EUR has fallen to 1.1200 and broken to the downside of a multi-month range and technical studies suggest more weakness is possible in the week ahead subject to confirmation. Brexit politics continues to dominate Sterling, whilst for the Euro the ECB policy meeting and latest PMI's are major event.
July 23,2018
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