EUR/GBP, Brexit and ECB: Significant highs; What is expected from the ECB?

Mauricio Carrillo Witbrew

Valeria Bednarik from FXStreet and Yohay Elam from Forex Crunch talks about the Euro, the pound and the European Central Bank. They talks about the recent EUR/GBP spike.

Watch full Live Coverage: US GDP rose 2.9% in the Q3; that’s dollar supportive, but check the detail

Author

Mauricio Carrillo

Witbrew

Mauricio is a financial journalist, senior content strategist, and inter-markets analyst with over ten years of experience in stocks, forex, commodities, and cryptocurrencies.

EUR/USD flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

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Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

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