EUR/GBP lacked any firm directional bias and remained confined in a range. Investors refrained from placing fresh bets amid absent relevant triggers. The EUR/GBP cross seesawed between tepid gains/minor losses through the mid-European session and was last seen hovering in the neutral territory, around the 0.9125 region. Following the previous day’s rather volatile price swings, the cross now seems to have entered a consolidation phase in the absence of any fresh catalyst. It is worth recalling that the EUR/GBP cross witnessed a dramatic turnaround on Thursday and rallied around 90 pips from one-week lows after the Bank of England said that it had briefed policymakers on how negative interest rates could be implemented. The strong intraday positive move lost steam near the 0.9170 region in reaction to optimistic Brexit comments by the European Commission President Ursula von der Leyen, saying that a trade deal between the EU and the UK is still possible. As investors digested the overnight developments, the EUR/GBP cross struggled to a firm direction and was confined in a range through the first half of the trading action on Friday. Nevertheless, the EUR/GBP cross remains on track to end the week with heavy losses, eroding a part of the last week’s strong positive move to the 0.9300 neighbourhood, or six-month tops. Technical levels to watch 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 S&P 500: Resistance at 3396 continues to cap with support seen at 3310 – Credit Suisse FX Street 1 year EUR/GBP lacked any firm directional bias and remained confined in a range. Investors refrained from placing fresh bets amid absent relevant triggers. The EUR/GBP cross seesawed between tepid gains/minor losses through the mid-European session and was last seen hovering in the neutral territory, around the 0.9125 region. Following the previous day's rather volatile price swings, the cross now seems to have entered a consolidation phase in the absence of any fresh catalyst. It is worth recalling that the EUR/GBP cross witnessed a dramatic turnaround on Thursday and rallied around 90 pips from one-week lows after the Bank of England said… Top 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.
