EUR/GBP Live News

This page provides live coverage and news analysis on the EUR/GBP currency pair

Advertiser Disclaimer
Top8forexbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate.Prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Top8forexbrokers does not bear any responsibility for any trading losses you might incur as a result of using this data.
Top8forexbrokers or anyone involved with Top8forexbrokers will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Mar. 3, 2021

Euro/Pound slides down to 0.8644 ahead of United Kingdom Composite PMI

Live - Updated 50 minutes ago.

Euro/Pound today at a glance – light red, mostly flat: EUR/GBP ranging between 0.8668 and 0.8641 and is now at 0.8644. United Kingdom Composite PMI data will be released today at 9:30 AM, with an expected decline to 49.8. Euro/Pound reaction to indicator information will follow. (Start trading Euro/Pound at FXTM today).

Euro/Pound technical analysis picture ahead of data: The chart visual study suggests Euro/Pound might start to recover soon because it is getting close and is now only 39 pips from the support line at 0.8604, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at 0.8644, Euro/Pound made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.

Overall, the technical analysis suggests Euro/Pound is neutral for the immediate future, with no clear-cut direction.

As the market gets ready for data release – HANG SENG INDEX gained 2.54%, currently at 29,836 SSE gained 1.95%, currently at 3,577

Earlier data releases related to Euro/Pound – Euro Zone's Consumer Price Index published yesterday at 10:00 AM came out at 0.9. The indicator value matched both the projected value and the previous data of 0.9. Germany's Unemployment Change fell short of the -13,000 projection at 9,000 and continued its downward trajectory from the previous figure of -37,000.

Coming for Euro/Pound – United Kingdom Construction PMI is projected to outperform last figure with 51, while it previously stood at 49.2, data will be released tomorrow at 9:30 AM. The United Kingdom's Annual Budget Release is scheduled today at 12:30 PM.

Euro/Pound social media highlights:

follow us:

Week to date

With no major movement Euro/Pound is trading around 0.8644 .

Trading week in a glance - The EUR/GBP is mostly flat, ranging between 0.8668 and 0.8616 and is now at 0.8644. (Trade Euro/Pound with FXTM now).

While the Euro/Pound is pretty flat so far today, mixed performances are seen elsewhere as EUR/CAD fell to 1.5196, hitting an 8 month low. At $1,708.4, Gold is down to its lowest value in 8 months. After a 7 month hiatus, dollar/yen is back at 106.96 levels. After an 11 month hiatus, GBP/CAD is back at 1.7778 levels. Crude oil made its largest single-week drop ($3.17) since October 2020