GBP/EUR

GBP/EUR has formed and probably completed a large triangle pattern which could augur a volatile breakout on the horizon.

GBP/EUR continues its push higher and is now within spitting distance of the key 1.1800 juncture.

The Euro was seen advancing on the Pound and Dollar following the release of some better-than-expected sentiment data out of the Eurozone.

 The Pound rose versus the Euro on Wednesday after better-than-expected economic data from the UK, whilst bullish signs on the weekly charts add a positive backdrop to the pair.

Sterling has been strengthening versus the Euro after an unexpectedly conciliatory tone was struck in opening exchanges between London and Brussels

Sources close the European Central Bank (ECB) have complained that markets overreacted to its March policy meeting.

Pound Sterling retains a positive bias against the Euro as we head into month-end with the GBP/EUR exchange rate trading at 1.1568.

 The Pound has started to move lower in the run up to the triggering of Article 50.

Sterling traders should keep hold of their bullish bets despite the currency going through the eye of the storm, advises head of strategy Hans Redeker at investment bank Morgan Stanley. 

GBP/EUR is channelling higher on the four-hour chart, can it continue?

 A series of higher highs and higher lows is unfolding on the GBP/EUR four-hour chart could be indicative of the beginning of a short-term uptrend.

GBP/EUR bounced from its 1.1381 low at the start of the week following profit-taking on GBP shorts and news reports that suggested the Scottish referendum might not be as much of a horizon-risk as had previously been thought.

 The Euro could remain flat for an extended period of time due to chronically subdued inflation, according to a recent report by Danske bank.

Markets may have interpreted Scottish developments only as “a slow-moving drag for the Pound”.

After two consecutive weeks of losses for the Pound against the Euro, which has seen the exchange rate fall from highs of 1.1906 to lows of 1.1378, the pair now looks at risk of further downside to the 1.10 lows, according to analysis seen by Pound Sterling Live.

GBP/EUR has fallen steadily during the past week, reaching lows of 1.1378 on Friday, before recovering and closing above 1.1400 - our target from the previous week’s analysis.

Pound Sterling has fallen below another key level as markets absorb the Euro-positive tone communicated by the ECB at their March policy meeting.

The Pound rose by 0.3% against the Dollar and the Euro during the budget as investors took confidence from the Chancellor’s upbeat tone and bullish revisions to growth forecasts for the current year.

Pound Sterling has been in an unanswered decline against the Euro since January 23 and our studies suggest the down-move is likely to extend a little further yet but at a more gradual pace than witnessed of late.

Pound Sterling retains a negative bias against the Dollar and the Euro with another leg lower in the currency complex being sparked on the back of the release of data which showed a further slowdown in high-street retail sales as shoppers cut spending, especially on non-essentials.