Thursday, October 15, 2026

Technicals

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EUR/GBP sees scope to 0.74 if UK earnings are positive

GBP should gain if UK Dec earnings beat 1.7% forecast (UK CPI 0.5% in Dec) 0.74 & 0.7375 among EUR/GBP bear targets (0.73715 = last week's 7year low) Stops above 0.74 were tripped among squeeze on shorts Tuesday 0.7375 w…

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • GBP should gain if UK Dec earnings beat 1.7% forecast (UK CPI 0.5% in Dec)

  • 0.74 & 0.7375 among EUR/GBP bear targets (0.73715 = last week's 7year low)

  • Stops above 0.74 were tripped among squeeze on shorts Tuesday

  • 0.7375 was Tuesday's Asia low after Greek talks broke down Monday

  • 0.74435 (Tuesday top) & 0.7455 (Feb 12 high) are resistance levels 

 

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By FxWirePro Team