EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since May 04, 2023 when EUR/GBP traded near 0.88.

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.

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association in the U.S. Any and all information provided by FXP is not intended for use by U.S. residents or individuals domiciled in the U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

DailyFX /  🏆 305. in US

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 testing higher waters near 0.8650 after UK CPI missThe EUR/GBP caught a bump higher during Wednesday trading after the United Kingdom’s (UK) inflation reading came in below market expectations, sending
Read more »

EUR/GBP falling back ahead of UK inflation read, BoE rate hikeThe EUR/GBP took a dip on Tuesday after starting the week strong, and the pair is backing into the 0.8620 neighborhood after the week kicked off with
Read more »

EUR/GBP consolidates around 0.8650 after UK CPI, German PPIEUR/GBP recovers from the previous day’s losses, trading near 0.8650 during the early trading hours of the European session on Wednesday. The pair gai
Read more »

EUR/GBP may have another go at breaking above 0.87Soft UK CPI are hurting GBP, Kit Juckes, Chief Global FX Strategist at Société Générale, reports. Rate rethink is dragging the Pound lower UK inflatio
Read more »

EUR/GBP: Relative rates seen as a moderate positiveThe Bank of England (BoE) decided to keep the Bank Rate (key policy rate) unchanged at 5.25%. EUR/GBP initially moved higher but partly retraced the m
Read more »

BoE Preview: EUR/GBP set to end the day higher on dovish commentaryEconomists at Danske Bank discuss EUR/GBP outlook ahead of the Bank of England (BoE) meeting. GBP headwinds to set in In our base case of a 25 bps hik
Read more »