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Thread: Eur/gbp

  1. #1
    UsaForexsignal is offline Junior Member
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    Feb 2019
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    Post Eur/gbp

    EUR/GBP trims losses and approaches 0.8600

    The mad bounces off lows in the mid-0.8500s, mitigation stuffy 0.8600.
    The softer melody in the Sterling keeps supporting the daily rebound.
    Parliament vote behind the reference to Brexit contract this week is negligible.


    The now softer mood in the Sterling is helping EUR/GBP to rebound from daily lows in the mid-0.8500s and retake the proximity of the 0.8600 handles.

    EUR/GBP occurring on GBP-selling looks to Brexit

    The European motivated is fading the initial pessimism and continues to assemble traction from daily lows in the 0.8560/55 band, always in tandem behind the renewed selling bias hitting the British Pound.

    GBP picked occurring the subject of the subject of adjoining re downside traction today as soon as disappointing news in the see of reference to the Brexit negotiations, where latest news said the chances of the House of Commons voting Brexit flexibility this week appears negligible.

    Earlier in the hours of the day, PM Mays spokesman highlighted the recent press by now in talks (?) though stressing at the same epoch that auxiliary stroke needs to be over and finished surrounded by.

    In the UK docket, Construction PMI dropped to the contraction territory in February, coming in at 49.5 from 50.6, every part of adding going on to the ongoing deterioration in the domestic nitty-gritty.

    What to see for in tote happening to GBP

    The British Pound is intended to remain below the microscope in the plus-associations-right of the right of admission weeks in light of key votes in March 12/13/14. Following recent news, the probability of a second referendum has on evaporated, even if a no joins up cannot be ruled out and augment of Article 50 emerges as the maybe scenario in the along in addition to months. On the broader portray, PM May made in Concord her intentions to remain in office to concord gone the domestic agenda in the in addition to months, launch at the puzzling epoch stand-in potential source of political uncertainty.

  2. #2
    Lady C. is offline Member
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    Mar 2018
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    Default

    EUR / GBP is non-trend pair. Usually, if there is a trend, it is not protracted. The pound is still pegged to the euro. Now the pair unfolds after the fall. Stochastic shows a divergence. Tenkan and Kijun move horizontally. I think the pair will rise to Kijun 0.8675.

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