News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • #Gold is remaining stronger today amidst a pullback in US Treasury yields. The metal rose to a month and a half high around 1,770 and is now currently trading around 1,765. $XAU $GLD https://t.co/ct7hfsY3rl
  • US 10yr yields have continued to decline today, now trading below the 1.55% level, at a five week low. $USD https://t.co/oBIG5S9GIc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.43%, while traders in Wall Street are at opposite extremes with 75.26%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Z4rveKKbMs
  • Bitcoin rushed up to another fresh all-time-high yesterday as the Coinbase IPO was taking markets by storm. Get your $btc market update from @JStanleyFX here:https://t.co/Adn9H2fqHs https://t.co/sGZi273oVZ
  • $NZDUSD has held onto its gains from yesterday and has edged higher today, hitting an intraday high around 0.7180. The pair is trading around a three week high. $NZD $USD https://t.co/38WqyH6w3T
  • $Gold making a move, testing above neckline resistance $GC https://t.co/ihw9shsh0Y https://t.co/v3Tmc1HRqi
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 2.05% Gold: 1.84% Oil - US Crude: 0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Vv02LLsKur
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.39% 🇦🇺AUD: 0.29% 🇯🇵JPY: 0.18% 🇬🇧GBP: -0.00% 🇪🇺EUR: -0.11% 🇨🇦CAD: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/XQ1iXE2Tg0
  • Ethereum has been on a massive run of late, but 2500 may be a stumbling block or perhaps a pause point. but major psych level + 161.8 fibo extension of prior counter-trend move. counter-trend move took place after first incursion of 2k. will 2500 be a repeat? $ETHUSD https://t.co/UpfxKOHX5t https://t.co/2AcNjCEht1
  • Bitcoin (BTC/USD) Support Test as Ethereum (ETH/USD) to Fresh Highs https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/04/15/bitcoin-btc-support-test-ethereum-eth-to-fresh-highs.html #Bitcoin $BTC https://t.co/M6BhcNECPs
British Pound (GBP) Latest: EUR/GBP Slide Resuming, Slow EU Vaccine Rollout

British Pound (GBP) Latest: EUR/GBP Slide Resuming, Slow EU Vaccine Rollout

Martin Essex, MSTA, Analyst

EUR/GBP price, news and analysis:

  • The suspension of usage of the AstraZeneca/Oxford coronavirus vaccine in several EU countries for fear of side effects is fueling the impression that Europe’s vaccination rollout program is lagging behind those of other countries such as the US and the UK.
  • That will likely continue to weaken the Euro, with crosses like EUR/GBP likely to slide.
Advertisement

Further EUR/GBP weakness likely

The impression that the EU coronavirus vaccination program is lagging behind those of other countries such as the UK and the US continues to damage the Euro, with EUR/GBP likely to be one of the crosses hardest hit. Several EU countries have suspended usage of the AstraZeneca/Oxford jab for fear of side effects even though the European Medicines Agency has stated that the “benefits of the AstraZeneca vaccine in preventing Covid-19, with its associated risk of hospitalisation and death, outweigh the risks of side effects.”

EUR/GBP Price Chart, Daily Timeframe (December 10, 2020 – March 17, 2021)

Latest EUR/GBP price chart.

Source: IG (You can click on it for a larger image)

EUR/GBP Bullish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -2% 8% 3%
Weekly -11% 10% -1%
What does it mean for price action?
Get My Guide

The EMA has said it will further review the information about the vaccine and has called an extraordinary meeting on the issue for Thursday. However, there is no indication that it will change its mind.

Bank of England in focus

On the same day, the next meeting of the Bank of England’s monetary policy committee needs watching by EUR/GBP traders. The BoE will not change its interest rates or its asset buying but will likely point to a faster economic recovery than previously expected thanks to the UK’s successful vaccine program.

That would be broadly negative for EUR/GBP and positive for the Pound against other currencies.

How to Trade FX with Your Stock Trading Strategy
How to Trade FX with Your Stock Trading Strategy
Recommended by Martin Essex, MSTA
How to Trade FX with Your Stock Trading Strategy
Get My Guide

--- Written by Martin Essex, Analyst

Feel free to contact me on Twitter @MartinSEssex

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES