EUR GBP

EUR/USD continued an aggressive sell-off but EUR/JPY put in a clean breakout from an ascending triangle. Meanwhile, EUR/GBP has set the initial steps for a possible bounce.

Despite international factors, domestic concerns remain for the German economy, discouraging us to be very bullish on the EUR/USD forecast, despite the dollar’s overall bearish trend. Indeed, looking at euro crosses such as the EUR/GBP, which is approaching its post-Brexit lows, you can see that there is very little underlying strength for the euro and that the EUR/USD’s weakness is masked by a weak US dollar right now.

We have seen further widening of the bond yield spreads between German and French debt today. Investors are clearly worried about a sustained period of political uncertainty and are therefore seeking haven assets and reducing their risk exposure.

Euro pairs gapped lower at Monday's Asian open on news of Macron's snap election following painful election results for the left. EUR/USD broke beneath its 200-day EMA and EUR/GBP fell to a 22-month low.

It was another strong week for the British Pound as Core CPI came out well-above the expectation, leading to a 1.2750 test in GBP/USD and a 200.00 test in GBP/JPY.

The Bank of England hosts a rate decision on Thursday and GBP/USD has pushed back-above the 1.2500 handle. GBP/JPY slid after touching the 200.00 mark for the first time since 2008, and EUR/GBP is showing bearish breakdown potential with two different technical formations.

A quick look at the charts suggests the British pound might be nearing a burst of energy, and that could be beneficial for GBP/USD bulls or EUR/GBP bears.

Gold and oil were higher in Monday’s Asian session in response to weekend news that Israel had declared war against Hamas. With the potential that this could spread into a wider Middle East conflict, gold sucked in safe haven flows whilst oil was higher on supply concerns.

Oil struggles after weak Chinese data & and inventory build. EUR/GBP rises ahead of inflation data, BoE's Andrew Bailey.

Will the BoE boost the pound? USD/JPY falls despite dovish BoJ minutes & after cooling US CPI.

At 0.1% y/y, China’s consumer price inflation is at levels other economies can only dream of. Next up the BOE’s monetary policy decision.

EUR/GBP falls as more BoE rate hikes are expected. Oil edges lower ahead of EIA stockpile data.

EUR/GBP falls after UK GDP & ahead of EZ CPI. Gold rises ahead of US core PCE brining $2000 into focus.

EUR/GBP falls after UK jobs data. USD/JPY rises ahead of US inflation data.

EUR/GBP rises ahead of inflation data. Nasdaq breaks below the 200 sma ahead of US jobless claims data.

EUR/GBP digests the post-Brexit deal agreed & looks to Spanish & French inflation. USD/CAD rises ahead of US consumer confidence & Canada GDP.

EUR/GBP looks to a new Brexit deal. Gold falls ahead of US durable goods orders.