GBPEUR exchange rate looks to test the 1.17 level over the coming hours and should remain supported over the coming month - data allowing - with further tests of the 2023 high probable if the May-July trend of appreciation remains intact.
July 6,2023
The Pound to Dollar exchange rate relinquished some of its June gains around the turn of the month but with technical support emerging around 1.26 in recent trade, it could be likely to consolidate between there and a nearby pocket of resistance around 1.2850 this week.
July 3,2023
The Euro was softer across the board on the same day it was reported Eurozone inflation data for June undershot analyst expectations and confirmed easing price pressures across the bloc.
June 30,2023
EURGBP a buy at HSBC as Bank of England hike expectations to cool.
June 30,2023
The Euro is proving to be an outperformer in global foreign exchange ahead of month-end, aided by 'hawkish' commentary from a number of European Central Bank officials that has boosted expectations for higher interest rates in the Eurozone.
June 28,2023
Barclays, ING, MUFG and other institutions have said there is scope for further Pound Sterling gains against the Euro in the wake of a decisive Bank of England interest rate hike and slowing Eurozone economic activity.
June 27,2023
The Pound to Euro exchange rate receded from some of its best levels since August 2022 last week and could now be likely to consolidate within a rough 1.1612 to 1.1742 range ahead of midweek remarks from central bankers on both sides of the channel and Friday's reading of the European inflation pulse.
June 26,2023
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