EURGBP

EUR/GBP rallies back up to the 50-day SMA in the mid 0.8300s.  The Pound is depreciating on doubts about the robustness of the UK economy.  The Euro itself has problems, however, after another poor set of poor figures from Germany.   EUR/GBP trades back up to the level of the 50-day Simple Moving Average (SMA) at…

EUR/GBP bounced from multi-year lows after weak UK labor market data led to a sell-off in the Pound.  The pair remains pressured, however, by risks to the outlook for the Eurozone as the US gears up to implement tariffs.  Political uncertainty in Germany and the Pound’s positive relationship to risk are further bearish factors for…