The prospect of higher UK inflation and potential interest rate hikes by the Bank of England compared to the Eurozone strengthens the pound.
Ongoing market patterns support the idea of selling the euro in favor of the pound.
Furthermore, the recent breach of the previous support level at 0.8540 indicates an increased likelihood of a decline towards the next level at 0.8500.
Ongoing market patterns support the idea of selling the euro in favor of the pound.
Furthermore, the recent breach of the previous support level at 0.8540 indicates an increased likelihood of a decline towards the next level at 0.8500.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.