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Technical studies of the Pound-to-Euro exchange rate from foreign exchange brokers AFEX confirm the pair has turned decidedly more bullish over medium- to longer-term timeframes.
March 5,2019
The British Pound's rally against the Euro has come to an end and those watching the GBP/EUR exchange rate should be wary of a reversal says currency strategist Katherin Goretzki at UniCredit Bank in London.
March 5,2019
Technical conditions continue to favour Pound Sterling over the Euro and we could see gains in GBP/EUR extend after the pullback seen towards the end of the previous week. However, we are wary that Prime Minister Theresa May could bring the second meaningful vote on Brexit to parliament this week.
March 3,2019
The Pound has broken above a historic high, with technical studies suggesting the move opens a path to ‘green pastures’ beyond in which further gains will be much easier.
March 1,2019
Pound Sterling has found a new ‘glass ceiling’ above which it is unlikely to rise without a new catalyst say a number of foreign exchange analysts we have heard from on a day that has seen the currency fall back from recent multi-month highs against the Euro and a host of other major currencies.
March 1,2019
Pound Sterling appears to have finally broken through a key level of resistance against the Euro after the Pound-to-Euro exchange rate closed above 1.16 on Tuesday, February 27.
February 27,2019
Pound Sterling has pushed higher towards the top of a medium-term range against the Euro on news flow that suggests the likelihood of a 'no deal' Brexit is becoming increasingly remote.
February 27,2019
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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.