EUR/GBP

USD/CAD falls ahead of the BoC rate decision. EUR/GBP rises ahead of German IFO business climate data.

..especially against currencies where the central bank is deemed to be slightly more dovish than the ECB

Investors have been reducing some of the risks they had built into asset prices, including a sharp recession and energy crunch.

EUR/GBP rises after a hawkish ECB & as UK retail sales fall. Oil falls but is set for a weekly gain.

EUR/GBP holds steady even after UK GDP rises for the first time in 4 months. USD/CAD awaits a speech from BoC's Tiff Macklem.

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.

The ECB must have been excited when it saw its currency rising vs the Pound

EUR/GBP rises to a 2 year high. DAX hovers around 22 month low ahead of German IFO business climate data.

Gold awaits the Fed announcement. EUR/GBP falls on Putin’s threats, UK government borrowing rises.

UK retail sales and final inflation for Europe could help decide which side of the April high EUR/GPP closes on this week.

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.