EUR/GBP adds to Friday’s gains above the 0.89 mark. Halifax HPI came in short of expectations in September. A potential delay to the Brexit deadline is now in centre stage. EUR/GBP is posting decent gains above the 0.89 handle on Monday, managing to extend further the rebound from September’s low in sub-0.8800 levels. EUR/GBP faces a key week on Brexit process The European cross keeps the firm note well and sound so far today on the back of some renewed offered bias around the Sterling. On the Brexit front, France’s E.Macron said the EU could evaluate at the end of the week if a deal is possible and respects the EU principles, all amidst further discussions between both parties and another European tour of Secretary S.Barclay. In the meantime, volatility around GBP is expected to return this week amidst key data releases and increasing rumours on a probable extension of the Brexit deadline. In the UK docket, house prices tracked by the Halifax index contracted at a monthly 0.4% during September and rose 1.1% over the last twelve months, both prints coming in below consensus. Later in the week, all the attention will be on the GDP figures as well as Industrial/Manufacturing Production results. On the euro docket, the Sentix index deteriorated further to -16.8 for the current month, while German Factory Orders contracted 0.6% MoM during August, disappointing expectations once again. What to look for around GBP The EU’s response to PM B.Johnson’s proposal for the Irish backstop has been cautious so far, prompting the Sterling to give away part of the recent moderate gains. This week, another potential delay to Article 50 will be on top of the investors’ agenda, adding volatility to the Pound. While the negotiation between both parties is expected to continue in the next days, and on another side, BoE’s (former hawk) M.Sunders stressed the likelihood of a rate cut if the UK economic outlook worsens regardless of the Brexit outcome. His view could keep rallies in GBP somewhat limited for the time being and carries the potential to spark a division in the central bank’s ranks, as the ‘Old Lady’ remains reluctant to factor in a probable ‘hard Brexit’ into its projections. EUR/GBP key levels The cross is gaining 0.23% at 0.8917 and faces the initial hurdle at 0.8936 (monthly high Oct.1) seconded by 0.8972 (100-day SMA) and then 0.9004 (38.2% Fibo of the May-August rally). On the flip side, a drop below 0.8829 (200-day SMA) would expose 0.8785 (monthly low Sep.20) and then 0.8667 (78.6% Fibo of the May-August rally). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD remains depressed near 1.2300 handle FX Street 3 years EUR/GBP adds to Friday's gains above the 0.89 mark. Halifax HPI came in short of expectations in September. A potential delay to the Brexit deadline is now in centre stage. EUR/GBP is posting decent gains above the 0.89 handle on Monday, managing to extend further the rebound from September's low in sub-0.8800 levels. EUR/GBP faces a key week on Brexit process The European cross keeps the firm note well and sound so far today on the back of some renewed offered bias around the Sterling. On the Brexit front, France's E.Macron said the EU could evaluate at the end of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.