EUR/GBP rallying into 0.8630 as Sterling waffles ahead of BoE rate call

Canada News News

EUR/GBP rallying into 0.8630 as Sterling waffles ahead of BoE rate call
Canada Latest News,Canada Headlines
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

The EUR/GBP is grinding higher to kick off the trading week, decisively climbing over the 0.8600 handle and extending upwards as the Bank of England (

With the ECB’s latest rate call in the rearview mirror, focus turns to the BoE’s upcoming rate hike.The EUR/GBP is grinding higher to kick off the trading week, decisively climbing over the 0.8600 handle and extending upwards as theSterling bulls need to survive Wednesday's inflation figures before BoE rate call

The UK’s Consumer Price Index will hit markets at 06:00 on Wednesday, with the headline inflation figure for August forecast to show a step up to 0.7%, compared to the previous decline of -0.4%. Further into the week, both the EUR and the GBP will see Purchasing Manager Index figures. The EU’s pan-continent activity

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:

FXStreetNews /  🏆 14. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EUR/GBP extends gains above 0.8600, eye on Fed, BoE decisionsEUR/GBP extends gains above 0.8600, eye on Fed, BoE decisionsEUR/GBP attempts to extend its gains on the second day, trading higher around 0.8610 during the European session on Monday. The pair might gain streng
Read more »

Markets Week Ahead: US Dollar, Fed, Sterling, BoE, Japanese Yen, BoJ and MoreThe US Dollar mostly underperformed against its major peers last week as oil prices rallied. Ahead, EUR/USD, GBP/USD and USD/JPY will be eyeing the Fed, BoE and BoJ. What else is in store for markets in the week ahead?
Read more »

British Pound Slides Ahead of BoE Rate Decision. Where to for GBP/USD and EUR/GBP?The British Pound has been undermined against the US Dollar after breaking below several technical levels last week while it appears range-bound against the Euro. Lower GBP/USD?
Read more »

Commodities Week Ahead: Oil Clings to $90 Ahead of Fed, BoE, BoJ, PBoC DecisionsCommodities Week Ahead: Oil Clings to $90 Ahead of Fed, BoE, BoJ, PBoC DecisionsCommodities Analysis by Investing.com (Barani Krishnan) covering: USD/CNY, Brent Oil Futures, Crude Oil WTI Futures, US Dollar Index. Read Investing.com (Barani Krishnan)'s latest article on Investing.com
Read more »

GBP/JPY floundering as BoE looms ahead, UK interest rates set to rise once moreGBP/JPY floundering as BoE looms ahead, UK interest rates set to rise once moreThe GBP/JPY is pinned to the low end through Monday’s trading, failing to establish bullish momentum and sliding into familiar bearish territory below
Read more »

GBP/JPY flat-lines around 183.00; awaits BoE, BoJ policy meetings later this weekGBP/JPY flat-lines around 183.00; awaits BoE, BoJ policy meetings later this weekThe GBP/JPY cross kicks off the new week on a positive note, albeit lacks follow-through buying and remains confined in Friday's broader trading range
Read more »



Render Time: 2025-03-01 10:21:51