GBPEUR declined following the release of CPI inflation data that was hotter than expected, something analysts say should not have happened.
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The British Pound has struggled over the course of May and the trend could extend if midweek's much-anticipated inflation reading surprises to the downside.
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The Pound to Euro exchange rate's five-week rally has been hindered by a dense pocket of resistance on the charts in recent trade but it could get an opportunity to break above and beyond 1.15 this…
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It's all about the Dollar at present with the May rebound catching Pound Sterling and the Euro in the crossfire.
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Pound Sterling has likely peaked against the Euro and is pointed lower as the Bank of England has already ended its interest rate hiking cycle in the face of softening economic data.
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The Pound to Euro exchange rate reached new highs for the year last week but could be set for some consolidation between those earlier peaks and somewhere just above the round number of 1.14 over t…
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"EUR/GBP has officially cracked through the 200-day moving average".
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