EUR/GBP Moves Further Away From YTD Low After Lagarde’s Remarks, Lacks Follow-Through

The EUR/GBP cross attracted some buyers near the 0.8585-0.8580 region on Thursday and, for now, seems to have snapped a four-day losing streak to a fresh YTD low touched the previous day. Spot prices add to the modest intraday gains and climb above the 0.8600 mark during the first half of the European session, though any meaningful recovery still seems elusive.

The shared currency draws some support from the recent hawkish comments by several European Central Bank (ECB) officials, backing the case for additional rate hikes in the coming months, and the EUR/GBP cross is gaining some positive traction. The bets were reaffirmed by ECB President Christine Lagarde on Thursday, saying that we need to continue our hiking cycle until we are sufficiently confident that inflation is on track to return to our target promptly.

This, to a larger extent, overshadows softer-than-expected Eurozone consumer inflation figures. The latest data published by Eurostat showed that the annual Eurozone Harmonised Index of Consumer Prices (HICP) decelerated from the 7.0% YoY rate to 6.1% in May, missing consensus estimates for a reading of 6.3%. Furthermore, the Core HICP inflation dropped to 5.3% YoY in May as against market expectations for a modest downtick to 5.5% from the 5.6% in the previous month.

Meanwhile, the upside potential for the EUR/GBP cross seems limited amid expectations for further policy tightening by the Bank of England (BoE), which might continue to underpin the British Pound. The markets now predict the interest rate in the UK to reach 5.5% by the autumn, and the bets were lifted by stronger UK consumer inflation figures released last week. This, in turn, warrants some caution before positioning for any meaningful appreciating move for the cross.

This Post Has 241 Comments

  3. JosephPergy September 13, 2024 Reply

    top 10 pharmacies in india [url=https://indianpharmacy.company/#]Online medicine order[/url] Online medicine home delivery

  6. JosephPergy September 12, 2024 Reply

    mexican mail order pharmacies [url=https://mexicopharmacy.cheap/#]mexican mail order pharmacies[/url] mexican online pharmacies prescription drugs

  10. JosephPergy September 12, 2024 Reply

    mexican pharmacy online medications [url=https://pharmbig24.com/#]help rx pharmacy discount card[/url] mdma online pharmacy

  15. JosephPergy September 11, 2024 Reply

    reputable mexican pharmacies online [url=http://mexicopharmacy.cheap/#]mexican mail order pharmacies[/url] reputable mexican pharmacies online

  20. OlliemiZ September 10, 2024 Reply

    https://pharm24on.com/# online pharmacy reviews provigil
    one click pharmacy propecia [url=https://pharm24on.com/#]pharmacy rx one order status[/url] mdma online pharmacy

  23. OlliemiZ September 10, 2024 Reply

    https://pharm24on.com/# isotretinoin pharmacy
    omeprazole uk pharmacy [url=https://pharm24on.com/#]online pharmacy diovan[/url] online pharmacy viagra uk

  27. OlliemiZ September 10, 2024 Reply

    https://easydrugrx.com/# online pharmacy that sell adipex
    new zealand online pharmacy motilium [url=https://drstore24.com/#]online pharmacy overnight shipping[/url] acyclovir pharmacy online

  29. OlliemiZ September 9, 2024 Reply

    https://onlineph24.com/# online pharmacy discount code 2018
    best rx online pharmacy [url=https://onlineph24.com/#]online pharmacy overnight shipping[/url] zovirax ointment online pharmacy

  32. OlliemiZ September 9, 2024 Reply

    https://onlineph24.com/# propecia pharmacy price
    mebendazole online pharmacy [url=https://drstore24.com/#]best online pharmacy no prescription[/url] simvastatin people’s pharmacy

  39. ScottRow September 6, 2024 Reply

    пин ап зеркало: пин ап – пин ап вход

  42. ScottRow September 5, 2024 Reply

    1win официальный сайт: 1вин сайт – ван вин

  44. Scottjus September 5, 2024 Reply

    пин ап зеркало: pin up – пинап казино

  50. ScottRow September 4, 2024 Reply

    вавада казино: vavada casino – vavada online casino

  52. Leslietef September 4, 2024 Reply

    ван вин [url=https://1win.directory/#]1win официальный сайт[/url] 1вин сайт

  74. StanleyInsar August 21, 2024 Reply

    furosemide 40 mg [url=http://furosemide.win/#]buy furosemide[/url] furosemide 100 mg

  78. StanleyInsar August 20, 2024 Reply

    cost of lipitor [url=http://lipitor.guru/#]Lipitor 10 mg price[/url] lipitor tablets

  80. StanleyInsar August 19, 2024 Reply

    lipitor rx [url=https://lipitor.guru/#]buy atorvastatin online[/url] lipitor.com

  82. StanleyInsar August 19, 2024 Reply

    lipitor lowest price [url=http://lipitor.guru/#]buy atorvastatin online[/url] lipitor brand price

  83. JamesHog August 19, 2024 Reply

    buy lasix online: lasix – lasix furosemide 40 mg

  85. DouglasAwawn August 16, 2024 Reply

    best online pharmacies in mexico: mexico pharmacy win – mexican mail order pharmacies

  86. DouglasAwawn August 16, 2024 Reply

    reputable indian pharmacies: Online pharmacy – top 10 online pharmacy in india

  102. DouglasAwawn August 12, 2024 Reply

    buying from online mexican pharmacy: mexican pharmacy – mexican mail order pharmacies

  112. DouglasAwawn August 11, 2024 Reply

    pharmacies in mexico that ship to usa: mexican pharmacy – buying from online mexican pharmacy

  116. StephenWeflY August 10, 2024 Reply

    https://tadalafil.auction/# buy cialis no prescription
    real viagra without a doctor prescription [url=https://sildenafil.llc/#]Cheap Viagra 100mg[/url] viagra 100mg

  122. LesterHek August 9, 2024 Reply

    comprare farmaci online con ricetta: avanafil generico – Farmacie online sicure

  123. Tomasdug August 9, 2024 Reply

    comprare farmaci online con ricetta: Avanafil compresse – acquistare farmaci senza ricetta

  128. Randycoike August 8, 2024 Reply

    comprare farmaci online all’estero: kamagra – п»їFarmacia online migliore

  133. Randycoike August 8, 2024 Reply

    viagra originale recensioni: viagra generico – miglior sito dove acquistare viagra

  134. Tomasdug August 8, 2024 Reply

    Farmacia online piГ№ conveniente: kamagra gel – farmacie online affidabili

  136. Tomasdug August 7, 2024 Reply

    viagra online spedizione gratuita: viagra prezzo – pillole per erezioni fortissime

  137. Randycoike August 7, 2024 Reply

    comprare farmaci online all’estero: avanafil generico – Farmacia online piГ№ conveniente

  139. MatthewVeife August 6, 2024 Reply

    buy zithromax 1000 mg online: zithromax buy – can i buy zithromax over the counter in canada

  141. MatthewVeife August 6, 2024 Reply

    get cheap propecia without dr prescription: buying propecia pill – cost generic propecia for sale

  147. Robertcor August 5, 2024 Reply

    buy misoprostol over the counter [url=http://cytotecbestprice.pro/#]cytotec abortion pill[/url] Cytotec 200mcg price

  150. MatthewVeife August 4, 2024 Reply

    buying cheap propecia without insurance: get propecia online – cost propecia tablets

  151. Robertcor August 4, 2024 Reply

    buy cytotec [url=http://cytotecbestprice.pro/#]buy misoprostol over the counter[/url] order cytotec online

  154. MatthewVeife August 4, 2024 Reply

    Abortion pills online: purchase cytotec – buy misoprostol over the counter

  155. Robertcor August 4, 2024 Reply

    tamoxifen men [url=http://nolvadexbestprice.pro/#]how does tamoxifen work[/url] liquid tamoxifen

  159. Robertcor August 4, 2024 Reply

    buy cytotec [url=https://cytotecbestprice.pro/#]buy cytotec over the counter[/url] buy cytotec pills

  160. Arnoldsnani August 4, 2024 Reply

    mexican online pharmacies prescription drugs [url=http://mexicandeliverypharma.com/#]mexican mail order pharmacies[/url] п»їbest mexican online pharmacies

  163. Arnoldsnani August 3, 2024 Reply

    purple pharmacy mexico price list [url=https://mexicandeliverypharma.com/#]mexican rx online[/url] medication from mexico pharmacy

  167. Arnoldsnani August 3, 2024 Reply

    best online pharmacies in mexico [url=http://mexicandeliverypharma.com/#]buying prescription drugs in mexico online[/url] mexico drug stores pharmacies

  171. Arnoldsnani August 3, 2024 Reply

    buying from online mexican pharmacy [url=http://mexicandeliverypharma.com/#]mexican drugstore online[/url] mexico drug stores pharmacies

  174. Nelsonaberi August 2, 2024 Reply

    mexican online pharmacies prescription drugs: mexican rx online – purple pharmacy mexico price list

  176. Dominicbreep August 2, 2024 Reply

    reputable mexican pharmacies online: mexican rx online – mexico pharmacies prescription drugs

  178. Arnoldsnani August 2, 2024 Reply

    buying prescription drugs in mexico [url=https://mexicandeliverypharma.online/#]mexican pharmacy[/url] mexican pharmacy

  182. Arnoldsnani August 2, 2024 Reply

    mexico pharmacies prescription drugs [url=https://mexicandeliverypharma.online/#]purple pharmacy mexico price list[/url] mexican drugstore online

  186. Arnoldsnani August 1, 2024 Reply

    buying prescription drugs in mexico [url=http://mexicandeliverypharma.com/#]mexican drugstore online[/url] п»їbest mexican online pharmacies

  189. Arnoldsnani August 1, 2024 Reply

    mexican border pharmacies shipping to usa [url=https://mexicandeliverypharma.online/#]mexican border pharmacies shipping to usa[/url] buying prescription drugs in mexico online

  191. Arnoldsnani August 1, 2024 Reply

    mexican rx online [url=https://mexicandeliverypharma.com/#]medication from mexico pharmacy[/url] mexico drug stores pharmacies

  195. Arnoldsnani July 31, 2024 Reply

    buying prescription drugs in mexico [url=http://mexicandeliverypharma.com/#]mexican pharmaceuticals online[/url] medicine in mexico pharmacies

  199. Arnoldsnani July 31, 2024 Reply

    mexican pharmacy [url=http://mexicandeliverypharma.com/#]mexico pharmacy[/url] mexican online pharmacies prescription drugs

  203. Arnoldsnani July 31, 2024 Reply

    medicine in mexico pharmacies [url=https://mexicandeliverypharma.com/#]mexican pharmaceuticals online[/url] mexico drug stores pharmacies

  207. Arnoldsnani July 30, 2024 Reply

    buying from online mexican pharmacy [url=https://mexicandeliverypharma.com/#]mexico pharmacies prescription drugs[/url] buying prescription drugs in mexico online

  211. Arnoldsnani July 30, 2024 Reply

    pharmacies in mexico that ship to usa [url=http://mexicandeliverypharma.com/#]mexico pharmacies prescription drugs[/url] mexican border pharmacies shipping to usa

  216. Arnoldsnani July 30, 2024 Reply

    mexican drugstore online [url=https://mexicandeliverypharma.online/#]buying from online mexican pharmacy[/url] buying prescription drugs in mexico

  219. Arnoldsnani July 29, 2024 Reply

    best online pharmacies in mexico [url=http://mexicandeliverypharma.com/#]mexican pharmacy[/url] mexican pharmacy

  223. Arnoldsnani July 29, 2024 Reply

    reputable mexican pharmacies online [url=http://mexicandeliverypharma.com/#]mexico pharmacies prescription drugs[/url] mexican border pharmacies shipping to usa

  228. Jamesmeaft July 24, 2024 Reply

    amoxicillin 50 mg tablets: buy amoxil – amoxicillin 500mg price

  231. Jamesmeaft July 23, 2024 Reply

    ciprofloxacin over the counter: buy cipro no rx – ciprofloxacin order online

  235. Charlesunmax July 21, 2024 Reply

    pharmacy website india [url=https://indiapharmast.com/#]top 10 pharmacies in india[/url] best india pharmacy

  237. Charlesunmax July 20, 2024 Reply

    top 10 pharmacies in india [url=http://indiapharmast.com/#]best online pharmacy india[/url] india pharmacy

  238. Charlesunmax July 20, 2024 Reply

    reputable indian pharmacies [url=https://indiapharmast.com/#]reputable indian pharmacies[/url] india online pharmacy

  240. Michaelhousa July 11, 2024 Reply

    medication from mexico pharmacy
    http://cmqpharma.com/# medicine in mexico pharmacies
    mexican online pharmacies prescription drugs

  241. RodolfoGer July 9, 2024 Reply

    medicine in mexico pharmacies
    https://cmqpharma.com/# medicine in mexico pharmacies
    pharmacies in mexico that ship to usa

Leave a Reply

Trading News

USD Begins Week on Strong Bullish Trend Ahead of PMI Data

Ripple Predicts US Banks Flocking To XRP After SEC Battle

EUR/USD Reaches New High, Extending Bullish Trend

XAG/USD Continues to Trade With Modest Gains Below $23.00

Latest On The Blog

TSF vs FTMO: Which Prop Firm Should You Choose?

Factors to Consider Before Scalping Trading

How to Recover From Revenge Trading?

How to Trade Forex on News

Fund Your Deriv Account

Get VIP Trading Signals

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Information

About US
FAQ
Privacy Policy
Terms of Use

Contact Us

  • Ibadan, Oyo state, Nigeria
  • Contacts@tradewithmac.org
  • +234-8065-318-470

Follow Us

Facebook Twitter Instagram

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.