Notification: Get Real-Time News Alerts For Your Portfolio Today
Powered by
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
Trading Articles
Search for the latest articles on trading

EUR/GBP Hovers Around 0.8400, Remains Below Over Two-Month High Set on Monday

James Carter
James Carter

James Carter

James is a seasoned forex trader and financial analyst with...

Full Bio

James Carter

Share

The EUR/GBP pair steadied around the 0.8400 mark on Tuesday, maintaining a cautious tone after hitting a more than two-month high on Monday. Traders digested recent movements, with market sentiment reflecting uncertainty over the Bank of England’s monetary policy direction. This retracement came as the euro weakened slightly against a broadly mixed pound.

Market participants are assessing the eurozone’s economic resilience amid slowing growth signals, which have tempered the euro’s strength. Meanwhile, the pound benefited modestly from better-than-expected domestic data, though concerns linger about inflationary pressures in the UK. The pair’s failure to build on Monday’s rally underscores a lack of clear conviction among traders.

Investors are also eyeing upcoming central bank commentary from both regions, which could sway short-term currency dynamics. The European Central Bank’s stance on inflation and interest rates remains a critical factor for the euro, while the Bank of England’s next steps on tightening are seen as pivotal for the pound’s trajectory.

Despite hovering near 0.8400, EUR/GBP remains vulnerable to swings driven by broader risk sentiment and economic releases. Any surprising data could amplify volatility, particularly in a week marked by thin liquidity and year-start adjustments in the forex markets.

Subscribe to our Newsletter

Every week, we’ll send you the latest tips, tricks, reviews and advice on how to trade to a wealthier lifestyle

View more articles by

Related Articles

Read More
Read More
Read More
Read More
Read More
Read More

Brokers Review

No reviews found in this category.

Top Stories
GBPUSD (1)
GBP/USD trades with negative bias around 1.2425 area, US NFP report awaited
EURUSD (1)
EUR/USD weakens below 1.0400 as traders await US NFP release
NZDUSD
NZD/USD gains traction above 0.5650 ahead of US NFP release
USDINR (2)
USD/INR holds steady as traders brace for RBI rate decision
USDJPY (1)
Japanese Yen retreats against USD amid some repositioning ahead of US NFP
Stocks fluctuate as bond rally pauses ahead of volatile U.S
Stocks fluctuate as bond rally pauses ahead of volatile U.S. jobs report
Japanese household spending surges to highest level since 2022 amid wage growth
Japanese household spending surges to highest level since 2022 amid wage growth
Crude oil declines for the week as trade tariffs outweigh Iran supply risks
Crude oil declines for the week as trade tariffs outweigh Iran supply risks
Japanese yen climbs amid rate hike speculation as U.S
Japanese yen climbs amid rate hike speculation as U.S. jobs report approaches
Ethereum faces resistance near $2,817 as Pectra testnet launch nears
Ethereum faces resistance near $2,817 as Pectra testnet launch nears