GBPEUR breaking above key level on the charts, 1.1650 could thwart upside near-term.

June 8,2023

The Pound to Euro exchange rate (GBPEUR) remains in an uptrend despite the setback seen at the start of the week.

June 7,2023

 

The Pound to Euro exchange rate reached new highs for the year last week but with technical and fundamental factors both now leaning into the recovery, the risk is of Sterling topping out in the days ahead and potentially even dropping back toward the 1.15 level.

June 5,2023

Currency analysts at Credit Suisse predicted Pound Sterling's outperformance in recent months long before the majority of their peers in investment banking circles.

June 2,2023

The Pound to Euro exchange rate reached new six-month highs this week and its best levels since the Bank of England (BoE) last quibbled with market assumptions about the outlook for interest rates but with fresh obstacles looming overhead on the charts as economic risks gather on the horizon, the balance of risk might be in the process of shifting toward the downside .

June 1,2023

The Pound to Euro exchange rate's strong performance looks to have extended into the midweek session with a further quarter of a per cent gain taking it to just below 1.16 as currency markets play catch-up with developments in fixed interest.

May 31,2023

The Pound to Euro exchange rate's year-to-date rally has been frustrated by a major level of technical resistance on the charts thus far in the latter half of May but the consolidation around the 1.15 level could give way in either direction following this Thursday's release of European inflation figures for April. 

May 30,2023

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