The Pound-to-Euro exchange rate enters the new week near significant support levels on the charts and with scope to recover the 1.17 handle in an ongoing effort to erode resistance just to the north of it, although subject to pending developments in Bank of England and European Central Bank policy guidance.
July 19,2021
The British Pound was bid in mid-week trade following the release of UK inflation data for June which came in hotter than expected, prompting expectations that a 2022 Bank of England interest rate rise was increasingly likely.
July 14,2021
The Pound-to-Euro exchange rate enters the new week underpinned by support at 1.16 while eating away at resistance at 1.17, near to three-month highs, although international factors are clearly in Sterling’s driving seat at present and these could be a trigger for volatility in the week ahead.
July 11,2021
The Euro has attracted some strong buying interest ahead of the weekend and has pushed the British Pound decidedly lower, a development that could signal an end to the Pound's near-term advance against its rival.
July 9,2021
The British Pound could be undermined by a surge in Covid-19 cases according to new analysis from foreign exchange strategists at one of the world's largest foreign exchange dealers.
July 9,2021
The British Pound could be on course to test its highest levels against the Euro since the referendum, according to new research.
July 7,2021
The Pound-to-Euro exchange rate enters the new week close to one-month lows but with limited downside given a cluster of nearby support levels around 1.16, which underpins Sterling going into the release of the all-important May GDP report.
July 4,2021
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