EUR/GBP trades around 0.8510 during the early European hours on Monday, struggling due to dovish comments from European Central Bank (ECB) Chief Economist Philip Lane.
EUR/GBP experienced challenges as ECB officials suggested an interest rate cut in June. ECB Chief Economist Phillip Lane said that “there is enough in what we see to start interest rate cuts.” The Pound Sterling may struggle as moderated UK's annual inflation has tempered expectations of BoE’s rate cut in June. EUR/GBP trades around 0.8510 during the early European hours on Monday, struggling due to dovish comments from European Central Bank Chief Economist Philip Lane.
In the United Kingdom , the market is closed due to the Spring Bank Holiday on Monday. The Pound Sterling received support as the traders digested lower-than-anticipated Retail Sales data released on Friday. April saw a notable 2.3% decline in the monthly volume of sales of goods by retailers in the UK, far worse than the expected 0.4% downturn. On an annual basis, sales dipped by 2.7%, compared to the expected 0.2% decrease.
Crosses Macroeconomics Eurozone Unitedkingdom
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
EUR/GBP consolidates around 0.8550, downside likely on firm ECB rate cut betsThe EUR/GBP pair trades inside Thursday’s trading range in Friday’s European session.
Lire la suite »
EUR/GBP recovers to 0.8530 as ECB Schnabel disagrees with rate cuts in JulyThe EUR/GBP pair bounces back from the psychological support of 0.8500 and recovers to 0.8530 in Friday’s New York session.
Lire la suite »
EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Apr 24, 2024 when EUR/GBP traded near 0.86.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
Lire la suite »
EUR/GBP remains above 0.8500 due to lower-than-expected UK Retail SalesEUR/GBP extends its gains, trading around 0.8520 during the early European session on Friday.
Lire la suite »
EUR/GBP finds support near 0.8550, eyes on UK Inflation dataThe EUR/GBP pair finds a temporary cushion near 0.8550 in Monday’s European session.
Lire la suite »
EUR/GBP holds below 0.8600 following the UK GDP dataThe EUR/GBP cross snaps the three-day winning streak near 0.8595 during the early European session on Friday.
Lire la suite »