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The GBP/EUR exchange rate has hit a chart ceiling following weeks of gains, and more upside is dependent on a technical break above recent highs and any perceived progress on a revised Brexit deal.
September 22,2019
Recent gains by Sterling have "sent alarm bells ringing” for traders looking to bet on rises in EUR/GBP.
September 20,2019
Pound Sterling has over recent weeks recovered over half of the losses it suffered against the Euro during the May-August period, putting the GBP/EUR exchange rate slap-bang back into the middle of its two-year range at 1.1284.
September 18,2019
Pound Sterling's recovery rally against the Euro is still alive, with the GBP/EUR exchange rate on Tuesday a few cents off the three-month highs reached on Monday at 1.1301 amidst ongoing signs of Brexit progress.
September 17,2019
The Pound-to-Euro rate is set to begin trading around 1.1288 at the beginning of the new week after closing the previous one around 1.28% higher on Friday, and studies of the charts indicate that tough resistance up ahead may cause a temporary pullback in the pair.
September 15,2019
Pound Sterling's rally against the Euro has faded over the course of the past 24 hours, with a sustained break above the psychologically significant 1.12 area failing to sustain.
September 11,2019
Pound Sterling retains a positive bias against the Euro, with the GBP/EUR exchange rate rising to hit a 7-week high over the course of the past 24 hours and there is a chance the ongoing recovery can extend we are told.
September 10,2019
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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.
