✨ NEW: EURGBP...DT (1M/16H) ✨ POSITION TRADE ✨
✨ NEW: EURGBP...DT (1M/16H) ✨ POSITION TRADE ✨
SLO1 @ 0.8830 ⏳
SLO2 @ 0.8815 ⏳
TP1 @ 0.8375 (shaving 25%)
TP2 @ 0.8040 (shaving 25%)
TP3 @ 0.7515 (shaving 25%)
TP4 @ 0.7200 (closing ALL Sell Orders)
BLO1 @ 0.7085 ⏳
BLO2 @ 0.7015 ⏳
As of today, May 25, 2023, the EURGBP pair is trading at 0.8669. The pair has been in a downtrend since the beginning of the year, and a few factors are contributing to this trend.
First, the European Central Bank (ECB) has been more cautious about raising interest rates than the Bank of England (BoE). The ECB is worried about the impact of higher interest rates on the Eurozone economy, which is still recovering from the COVID-19 pandemic. The BoE, on the contrary, is more concerned about inflation and has raised interest rates several times in recent months. This monetary policy difference makes the pound more attractive than the euro.
Second, the UK economy is doing better than the Eurozone economy. The UK economy grew by 0.8% in the first quarter of 2023, while the Eurozone economy grew by only 0.2%. This growth differential is making the pound more attractive than the euro.
Third, the war in Ukraine is also weighing on the euro. The war has caused uncertainty in the global economy, and investors are looking for safe-haven assets, such as the pound.
The fundamental factors point to a continued decline in the EURGBP pair. However, it is essential to remember that the market is unpredictable, and there is always the possibility of a reversal.
SLO1 @ 0.8830 ⏳
SLO2 @ 0.8815 ⏳
TP1 @ 0.8375 (shaving 25%)
TP2 @ 0.8040 (shaving 25%)
TP3 @ 0.7515 (shaving 25%)
TP4 @ 0.7200 (closing ALL Sell Orders)
BLO1 @ 0.7085 ⏳
BLO2 @ 0.7015 ⏳
As of today, May 25, 2023, the EURGBP pair is trading at 0.8669. The pair has been in a downtrend since the beginning of the year, and a few factors are contributing to this trend.
First, the European Central Bank (ECB) has been more cautious about raising interest rates than the Bank of England (BoE). The ECB is worried about the impact of higher interest rates on the Eurozone economy, which is still recovering from the COVID-19 pandemic. The BoE, on the contrary, is more concerned about inflation and has raised interest rates several times in recent months. This monetary policy difference makes the pound more attractive than the euro.
Second, the UK economy is doing better than the Eurozone economy. The UK economy grew by 0.8% in the first quarter of 2023, while the Eurozone economy grew by only 0.2%. This growth differential is making the pound more attractive than the euro.
Third, the war in Ukraine is also weighing on the euro. The war has caused uncertainty in the global economy, and investors are looking for safe-haven assets, such as the pound.
The fundamental factors point to a continued decline in the EURGBP pair. However, it is essential to remember that the market is unpredictable, and there is always the possibility of a reversal.
Professor C. E. Ward