Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
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EUR/GBP testing higher waters near 0.8650 after UK CPI missThe EUR/GBP caught a bump higher during Wednesday trading after the United Kingdom’s (UK) inflation reading came in below market expectations, sending
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EUR/GBP falling back ahead of UK inflation read, BoE rate hikeThe EUR/GBP took a dip on Tuesday after starting the week strong, and the pair is backing into the 0.8620 neighborhood after the week kicked off with
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EUR/GBP consolidates around 0.8650 after UK CPI, German PPIEUR/GBP recovers from the previous day’s losses, trading near 0.8650 during the early trading hours of the European session on Wednesday. The pair gai
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EUR/GBP may have another go at breaking above 0.87Soft UK CPI are hurting GBP, Kit Juckes, Chief Global FX Strategist at Société Générale, reports. Rate rethink is dragging the Pound lower UK inflatio
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EUR/GBP: Relative rates seen as a moderate positiveThe Bank of England (BoE) decided to keep the Bank Rate (key policy rate) unchanged at 5.25%. EUR/GBP initially moved higher but partly retraced the m
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BoE Preview: EUR/GBP set to end the day higher on dovish commentaryEconomists at Danske Bank discuss EUR/GBP outlook ahead of the Bank of England (BoE) meeting. GBP headwinds to set in In our base case of a 25 bps hik
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