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The Pound to Euro exchange rate has built further on last Friday's advance early in the new week but its hat-trick of gains now has Sterling fast approaching a dense pocket of technical resistances near and above the 1.16 level on the charts, meaning the rally could be likely to stall in the near future.
November 22,2022
GBP/EUR looking better supported, 200-week moving average forms main technical roadblock.
November 21,2022
Strategists at French bank Crédit Agricole are buying the British Pound against the Euro in the near term, finding the Eurozone's single currency has reached a short-term overvaluation.
November 15,2022
GBP/EUR struggling to hold gains, suggesting downside potential for coming days.
November 14,2022
MUFG is a seller of Pound Sterling against the Euro.
November 9,2022
The Pound to Euro exchange rate came undone in heavy losses following November's Bank of England (BoE) interest rate decision but it could be at risk of falling further and back near to early October lows in the days ahead if the market remains leery of Sterling going into Friday's release of UK GDP data.
November 7,2022
GBP/EUR going lower says Danske Bank, but City Index analyst sees potential for gains.
November 2,2022
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