OctaFX | OctaFX Forex Broker
Anmelden
Konto eröffnen
Back

EUR/GBP sidelined below 0.73, UK data eyed

FXStreet (Edinburgh) - EUR/GBP is trading in a tight range ahead of the European open on Thursday, with both the single currency and the sterling trading in a flat mood for the time being.

EUR/GBP attention to UK releases

After yesterday’s sharp pullback, the cross is now looking to consolidate in the lower bound of the weekly range in the 0.7285/80 band, ahead of the UK calendar due later.

Market consensus sees UK Retail Sales expanding at a monthly pace of 0.2%, while sales excluding the Fuel component are expected at 0.1% MoM. Nothing worth mentioning data wise in Euroland, while the most salient event will be the FOMC gathering in the US.

EUR/GBP key levels

At the moment the cross is losing 0.02% at 0.7285 and a breach of 0.7275 (low Sep.17) would aim for 0.7151 (low Aug.21) and finally 0.7091 (low Aug.20). On the other hand, the next resistance aligns at 0.7362 (high Sep.16) followed by 0.7376 (high Sep.3) and then 0.7398 (high Sep.2).

EUR/USD hits fresh lows near 1.1285 in early moves

The rebound seen in the EUR/USD pair lost steam near 1.1320 levels, with the major wiping-out early gains and now trades muted below 1.13 handle.
Mehr darüber lesen Previous

Rate hike beginning: Fed in Dec and BoE by Feb – Nomura

Research Team at Nomura, suggests that according to the survey conducted by them, most people believe that the US Fed will raise rates in December and BoE in The Fed.
Mehr darüber lesen Next
Livechat starten