The EUR/GBP is rising on Wednesday, on the back of a stronger euro across the board. The cross rose from under 0.8500 and peaked at 0.8563. It then pulled back finding support at 0.8550.
The euro gained momentum as German bond yields rose above 1.35% for the first time since 2014. The move takes place ahead of the European Central Bank on Thursday. The central bank is expected to announce the end of the purchase program and to suggest rate hikes at the next meetings.
Analysts at Brown Brothers Harriman point out ECB tightening expectations have picked up ahead of Thursday’s decision. “WIRP suggests liftoff July 21 remains fully priced in. However, markets are now pricing in a potential 50 bp move at either the September 8 or October 27 meetings, followed by a 25 bp hike December 15 that would take the policy rate to 0.75% by year-end, up from 0.5% previously.”
The ECB meeting, the political drama in the UK and a plan from PM Johnson to rewrite parts of the Brexit, warrant volatility ahead for the EUR/GBP cross over the next sessions.
The EUR/GBP is moving in a wide range since late May, finding resistance below 0.8600 and being rejected from under 0.8500. A daily close clearly above 0.8600 should open the doors to more gains, initially to test May’s high at 0.8618. On the flip side, a consolidation below 0.8500 would weaken the euro, leaving the cross vulnerable to a decline to 0.8400.
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.