EUR/GBP

EUR/GBP rises ahead of eurozone inflation. Gold rises ahead of US data & Powell’s speech.

EURGBP rises after UK inflation jumps to a 41 year high. USD/CAD tests 100 DMA ahead of Canadian CPI & US retail sales.

The RBA were already one of the less hawkish central banks, but that hasn’t prevented them from hinting at a pause regarding rate hikes today.

I think we all know what the big announcement will be (and no, it likely won’t be the release of his tax returns).

If the BOE wanted a weaker pound after their meeting it was mission accomplished. And this helped EUR/GBP enjoy its best day in nearly 6-weeks.

It is not just the rate decision that will be important for the pound...

Pound & bonds rally ahead of Hunt’s fiscal plan. US S&P500 futures rise with earnings in focus.

Pound & bonds rally ahead of Hunt’s fiscal plan. US S&P500 futures rise with earnings in focus.

ECB rate decision & Truss' energy support package in focus. Gold awaits Powell.

EUR/GBP falls as new UK PM Liz Truss looks to tackle the energy crisis. USD/JPY rises to a 24 year high ahead of US ISM services PMI

Hawkish ECB speakers over the last few days, combined with the lack of BOE speakers, have sent EUR/GBP to its highest level since July 6th.

Eurozone PMIs contract again and UK business activity is almost stalling.

Whilst EUR/GBP has remained mostly within the range highlighted last week, subsequent price action suggests a downside break could be on the cards.

EUR/GBP finds itself at an interesting juncture, as a break out of its current range could mark its next directional move.

The increased inflation and fears of low supply of natural gas, combined with risk of a recession, are causing consumer sentiment in the Eurozone to fall to record lows.

EUR/GBP rises as UK CPI hits 9.4%. Nasdaq extends gains with earnings in focus.

Fears of a recession in Europe weighed heavily on the euro last week, which saw the most bearish week for EUR/GBP since the pandemic.