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The move we are witnessing is part of a deeper run down to the well signposted level of support at 1.11.
August 9,2018
GBP/EUR is still trading at levels consistent with markets believing a deal will be made, but a break towards parity forecast to occur if no deal actually materialises.
August 8,2018
Pound Sterling remains vulnerable to further weakness and GBP/EUR could sell-off down to the 1.10s if Brexit risks materialise. The main calendar release for Sterling is Q2 GDP - for the Euro the ECB's Economic Bulletin.
August 6,2018
For Sterling, the "balance of risks are for further political turbulence between now and October" say ING but "hawkish" BoE will spur swift recovery once into 2019 say ING.
August 4,2018
GBP/EUR is poised precariously on the lower line of a long-term channel - Thursday's Bank of England meeting raises the risk of volatility with a break below 1.11 lows inviting a sell-off down to the 1.10s
August 2,2018
Any strength in GBP/EUR exchange rate seen as "corrective" with any rebounds looking restricted beyond 1.1450 or 1.1600.
August 1,2018
Pound-to-Euro exchange rate back above 1.20 longer-term but any near-term bounce from Bank of England rate rise to be short-lived.
August 1,2018
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Need Help? WhatsApp me.
Horizon Currency's dealing desk is here to answer any questions you have about the market.
Sam is one of our specialists and can be WhatsApped questions via this link.