Plummeting natural gas prices are seen supporting Euro exchange rates as the end of August draws close.
August 30,2022
The Pound to Euro exchange rate ebbed to a new August low in Bank Holiday trade but would run the risk of deeper losses that could see it testing a cluster of major support levels around 1.1646 on the charts this week without any improvement in risk appetite and the overall mood in global markets.
August 30,2022
EUR punished amidst gas price surge, GBP/EUR recovers some recently lost ground.
August 23,2022
The Pound to Euro exchange rate unravelled to one month lows in turbulent trading for Sterling last week but had recovered its footing near an important layer of support on the charts ahead of the weekend and could now attempt to establish a firmer foothoold above roughly the 1.1757 level in the days ahead.
August 22,2022
The latest developments in Eurozone energy markets maintain a case for further Euro downside, say analysts.
August 16,2022
The Pound to Euro exchange rate has hugged its short, medium and long-term averages in recent trade and although this could continue in the days ahead, there is uncertainty over how it would respond to any up or down surprises in July’s inflation numbers due from the UK on Wednesday.
August 15,2022
GBP/EUR has been under pressure for a number of days now and analysts tell us the near-term picture should see further downside, although a more protracted decline still remains unlikely.
August 10,2022
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