GBP/EUR has pulled back down onto a bed of support from the former long-term range highs at 1.1600 and if this holds, it is likely to provide a springboard for further gains.
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Technical studies of the Pound-to-Euro exchange rate from foreign exchange brokers AFEX confirm the pair has turned decidedly more bullish over medium- to longer-term timeframes.
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The British Pound's rally against the Euro has come to an end and those watching the GBP/EUR exchange rate should be wary of a reversal says currency strategist Katherin Goretzki at UniCredit Bank …
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Technical conditions continue to favour Pound Sterling over the Euro and we could see gains in GBP/EUR extend after the pullback seen towards the end of the previous week. However, we are wary that…
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The Pound has broken above a historic high, with technical studies suggesting the move opens a path to ‘green pastures’ beyond in which further gains will be much easier.
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Pound Sterling has found a new ‘glass ceiling’ above which it is unlikely to rise without a new catalyst say a number of foreign exchange analysts we have heard from on a day that has seen the curr…
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Pound Sterling appears to have finally broken through a key level of resistance against the Euro after the Pound-to-Euro exchange rate closed above 1.16 on Tuesday, February 27.
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