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GBP/EUR Likely to Recover From Monday's Collapse Suggests Latest Technical Study

GBP/EUR Likely to Recover From Monday's Collapse Suggests Latest Technical Study


The Pound to Euro exchange rate collapsed on Monday morning, falling from Friday’s close of 1.1944 Euros to the Pound to open at 1.1796, due to the outcome of the French presidential election.


Data:

Live British Pound to Euro Exchange Rate(GBP/EUR) Interbank Conversion:

What is the British Pound to Euro Rate Today?

The live GBP/EUR exchange rate is 1.1765
Change on Previous Day's Close -0.07%

How does Today’s Euro Rate Compare with Previous Rates?

Today’s opening exchange rate is 1.1772
Today’s lowest exchange rate is 1.1763
Today’s best exchange rate is 1.1772
Best exchange rate of the year-to-date is 1.3218 (2016-05-25)
The lowest exchange rate of the year-to-date is 1.094 (2016-10-11)

News and Forecasts:

Euro Exchange Rate: EUR Advances Against Pound Sterling and US Dollar as We Close Out the Week

  • Written by Will Peters

euro exchange rates

Euro Rate Today: The EUR complex couldn’t catch a break mid-week as it fell to new nine-month lows against the US Dollar well below the $1.34 mark. However, in the final trading session of the week we see the EUR has caught a bid - even as equity markets continue their slump.

We predict that this bout of euro strength will be short-lived as there is no obvious reason for the price action.

On Thursday markets heaedp further pressure after European Central Bank (ECB) President Draghi struck a decidedly sombre tone in the press conference following the monthly interest rate decision.

Read more ...

UPDATED: Euro to Pound (EUR/GBP) & Euro to Dollar (EUR/USD) Forecast: USD in the Driving Seat Thanks to Good News

  • Written by Rob Samson

euro dollar and pound exchange rate

As we enter the new month the EUR remains under pressure and forecasts point to 'more of the same' in most timeframes. However, we are noting some significant gains againt the pound sterling (GBP) after a much-watched economic data release came in below expectations.

Meanwhile, an underlying negative tone to the shared currency comes as the US Dollar retains the favour of traders thanks to ongoing positive economic data releases in the United States.

Read more ...

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