The Pound was treading water against the Euro on Wednesday but it could be about toward financial crisis lows if price action completes the 'evening star' candlestick reversal pattern forming on the charts and if technical forecasters are right in tipping a return to 2008 lows for the coming weeks.
April 16,2020
The British Pound has hit fresh 1-month highs against the Euro over the course of the past 24 hours and momentum studies suggest Sterling remains poised to extend its recent recovery.
April 15,2020
The Pound-to-Euro rate gained half a percent last week but is now road-blocked by technical impediments on the charts that could tip it lower this week, although ongoing hope of a peak in the spread of coronavirus and a fractious European response to the crisis might limit the downside seen by Sterling.
April 12,2020
Pound Sterling recovered ground against the Euro over the course of the past 24 hours amidst news the condition of the UK Prime Minister's health is gradually improving and Eurozone nations were unable to agree a unified fiscal response to the coronavirus crisis.
April 9,2020
The Euro could be set for fresh volatility over the course of the next 24 hours as the attention of the foreign exchange market turns to the meeting of European finance ministers, who have been tasked with finding a united fiscal solution to the economic crisis caused by the coronavirus pandemic.
April 7,2020
The Pound-to-Euro rate extended its bounce off post-referendum lows last week, closing around one and a half percent higher for the period on Friday, and the charts suggest Sterling is now close to having risen as far as it's likely although improved risk appetite might continue to lift the British currency this week.
April 5,2020
We are wary that the next week could see some further consolidation in Sterling, but critical to how Sterling performs will be the overall performance of global markets, as we have established market sentiment is a critical driver of Sterling in these coronavirus-impaired times.
April 4,2020
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