EUR/GBP continues its losing streak for the eighth consecutive session, trading around 0.8410 during the early European hours on Friday.
EUR/GBP extends its losing streak due to hawkish sentiment surrounding the BoE maintaining higher rates for a longer. BoE Governor Bailey also advised against hastening additional rate cuts at the Jackson Hole Symposium last week. The cooled-off inflation in Germany and Spain has fueled expectations of a rate cut by the European Central Bank.
Traders are now eagerly awaiting the flash estimate of the Eurozone Harmonized Index of Consumer Prices for August and the Unemployment Rate for July later in the day, looking for additional insights into the Eurozone's economic condition. Interest rates FAQs What are interest rates? Interest rates are charged by financial institutions on loans to borrowers and are paid as interest to savers and depositors.
Crosses Macroeconomics Eurozone Unitedkingdom
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/GBP weakens below 0.8450, traders await Eurozone inflation data for fresh impetusThe EUR/GBP cross trades in negative territory for the seventh consecutive day near 0.8415 during the early European session on Thursday.
Read more »
EUR/GBP holds position above 0.8500 ahead of UK, Eurozone PMI dataEUR/GBP attempts to retrace its recent losses from the previous session, trading around 0.8520 during Thursday’s Asian hours.
Read more »
EUR/GBP extends upside above 0.8550 ahead of Eurozone Retail Sales dataThe EUR/GBP cross extends the rally near 0.8575 during the early European session on Tuesday.
Read more »
Eurozone Preliminary HICP inflation edges higher to 2.6% YoY in July vs. 2.4% expectedThe Eurozone Harmonized Index of Consumer Prices (HICP) rose at an annual rate of 2.6% in July after reporting a 2.5% growth in June, the official data released by Eurostat showed Wednesday.
Read more »
EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since May 15, 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.
Read more »
EUR/GBP IG Client Sentiment: Our data shows traders are now at their least net-long EUR/GBP since Nov 11 when EUR/GBP traded near 0.87.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.
Read more »