{"id":187553,"date":"2023-11-05T02:02:37","date_gmt":"2023-11-04T20:32:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=187553"},"modified":"2023-11-05T02:02:37","modified_gmt":"2023-11-04T20:32:37","slug":"eur-gbp-tumbles-to-half-month-low-as-pound-sterling-recovers-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eur-gbp-tumbles-to-half-month-low-as-pound-sterling-recovers-crypto-news\/","title":{"rendered":"EUR\/GBP tumbles to half-month low as Pound Sterling recovers &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>The EUR\/GBP is backsliding into 0.8660 as Pound Sterling sees a Friday rebound.<\/strong><\/li>\n<li><strong>EU Retail Sales, UK GDP on the back half of next week&#8217;s economic calendar.<\/strong><\/li>\n<li><strong>GBP the big winner for Friday.<\/strong><\/li>\n<\/ul>\n<p>The EUR\/GBP is skidding towards 0.8660 as the market heads into the closing bell for the week, and the Pound Sterling (GBP) recovery from recent months-long lows is taking the EUR\/GBP down into bids not seen in almost three weeks.<\/p>\n<p>The Euro (EUR) traded mostly flat against the Pound Sterling in a rough range this week before a broad-market sentiment recovery on the back of a missed US Nonfarm Payrolls (NFP) report sparked <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/sentiment\/risk-appetite\">risk appetite<\/a> for investors heading into the eleventh hour.\u00a0<\/p>\n<h2 class=\"fxs_headline_medium\">GBP set for a repeat volatility surge next Friday, UK GDP in the pipe<\/h2>\n<p>The back half of next week sees top-tier data for both the EU and the UK, with EU Retail Sales on Wednesday and UK Gross Domestic Product (GDP) figures on the docket for next Friday.<\/p>\n<p>EU Retail Sales are currently expected to decline further for the year into September, forecast at -3.1% compared to the previous -2.1%, while UK <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">GDP<\/a> is expected to soften for the 3rd quarter, forecast to print at -0.1% compared to the previous quarter&#8217;s 0.2%.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/GBP Technical Outlook<\/h2>\n<p>The EUR\/GBP&#8217;s Friday softening sees the pair tumbling directly towards 0.8660, running into a rising trendline from mid-August&#8217;s low just beneath 0.8500.<\/p>\n<p>The pair has slipped away from long-term median prices, declining from the 200-day Simple Moving Average (SMA) which is currently drifting lower from the 0.8700 handle.<\/p>\n<p>Near-term technical support for the EUR\/GBP sits at the 50-day SMA leaning bullish from the 0.8640 level, and investors will want to keep an eye out for any wobbling in the pair&#8217;s bids as prices battle it out for a clean break of the bullish trendline.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/GBP Daily Chart<\/h2>\n<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/GBP Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The EUR\/GBP is backsliding into 0.8660 as Pound Sterling sees a Friday rebound. EU Retail Sales, UK GDP on the back half of next week&#8217;s economic calendar. GBP the big winner for Friday. The EUR\/GBP is skidding towards 0.8660 as the market heads into the closing bell for the week, and the Pound Sterling [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,276,927,255,250,252,247,253,249,256,254],"class_list":["post-187553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-eurgbp","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/187553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=187553"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/187553\/revisions"}],"predecessor-version":[{"id":187554,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/187553\/revisions\/187554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7899"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=187553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=187553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=187553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}