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Gbpeurlong

UK Inflation Target Hit, Sterling Up (Short-Term?) British pound strengthens against euro and dollar after inflation dips to Bank of England's target. * UK inflation fell to 2.0% in May, meeting the BoE's target for the first time in nearly three years. * This news sparked a modest rally in the pound, with GBP/EUR rising to €1.1860 and GBP/USD reaching $1.2727. * However, services inflation remains high, prompting speculation that the BoE may hold off on interest rate cuts despite falling headline inflation. * Market expectations for an August rate cut have softened to around 36%, down from 55% before the inflation data. * The Bank of England is expected to maintain interest rates at its meeting on Thursday. Future movement of GBP likely hinges on upcoming UK data: * Wednesday's release of June CPI data could further weaken the pound if it confirms expectations of persistently high services inflation. * The BoE's monetary policy decision on Thursday is also a key event, with limited forward guidance potentially disappointing GBP investors. Euro subdued by lackluster German economic data: * The euro showed little reaction to Germany's latest Zew economic sentiment index, which missed forecasts. Overall, the outlook for GBP remains uncertain. While lower headline inflation provided a temporary boost, concerns about sticky services inflation and the BoE's monetary policy stance could weigh on the pound in the coming days.
Long
by MorMedia
⭕️BUY GBPEUR; It's time to buy🤨🚀🔰You can see the analysis of the British pound to the euro in the 30-minute time frame (GBPEUR_ 30min)💣🔍 💥SUPPLY and DEMAND zones are indicated in the picture🧐 Due to the presence of the GAP in the chart and the presence of the price near the Support🧡, there is a possibility that the price will rise as a result of hitting the support line up to the Supply zone🚀🔺 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 __________📈TRADER STREET📉___________
Long
by TRADER_STREET
1
GBPEUR - Long-Term AnalysisFor the time being, the pair has just past the middle trend of its rising channel and has touched its falling trend. (+) 1.17 level will be the target for the future. Apart from that, 1.20-1.21 levels should be followed if the price wants to touch the upper point of the channel. (-) However, if prices come back from here, 1.12 will be a significant boost first. In the case of the problem, 1.11 can be expected. It contains only personal views and opinions. Does not contain legal investment advice ...
by EmoteK
GBP/EUR - Ranging marketLast week price rallied to major resistance and, again, gave a sharp rejection. This week, so far, we have retested support from the supportive price area (green line) and the weekly 55EMA. Price is once again stuck within these ranging levels (between the red and green lines). I am bullish on this pair BUT I am staying out of this market until a Brexit deal is final. For those that wish to trade this pair it's advisable that you buy on the green line and short on the red line. Until one of those levels breaks it will continue to range. If we break below the green line the next level of support is the weekly 13EMA then the 1.1200 price level. If we can break above the red line then the next resistance is the 1.1600 price level then the weekly 200EMA (be cautious of a false breakout on this level). Be cautious with this pair. Brexit may be the catalyst we need to break the resistance.
Long
by MarkMcCartney