EURGBP declined further with intraday bias bearish. It hit a low of 0.8380 at the time of writing and is currently trading around 0.83948. UK retail sales- The pair declined further after upbeat UK ...

Read More »

FTSE 100 opens lower today; retail sales data better than expected

U.K. equities started with losses on Friday with drops in nearly all sectors. The top fallers are Personal Goods, Chemicals, Mobile Telecommunications and Automobiles & Parts sectors. At the market ...

Read More »

EUR/GBP breaks below 0.8400 following UK Retail Sales data

EUR/GBP continues to lose ground, trading around 0.8390 during Friday’s Asian hours, following the release of UK Retail Sales data for August. Retail Sales rose by 1.0% month-over-month, exceeding the ...

Read More »

EUR/GBP Price Analysis: Technical outlook favors the downside as selling pressure mounts

The Relative Strength Index (RSI) is currently at 37 and is declining sharply in the negative area, indicating that selling pressure is rising. Moreover, the Moving Average Convergence Divergence ...

Read More »

EURGBP trades within tight channel

EURGBP is trading within a narrow range of 0.8420-0.8460 over the last couple of weeks, remaining capped by the flat 50-day simple moving average (SMA) around the 0.8460 resistance. Technically, the ...

Read More »