Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: EUR/GBP range bound, focus on BoE policy decision and inflation report

EUR/GBP trades an extremely narrow 16 pip range into the European session. Markets focus on BoE policy rate decision along with inflation forecasts for further impetus on the pair. Ongoing sterling depreciation and sligh…

By FxWirePro Team
1 min read
FxWirePro: EUR/GBP range bound, focus on BoE policy decision and inflation report
Image from the original EconoTimes article

Read the original article

  • EUR/GBP trades an extremely narrow 16 pip range into the European session.
     
  • Markets focus on BoE policy rate decision along with inflation forecasts for further impetus on the pair.
     
  • Ongoing sterling depreciation and slightly firmer-than-expected activity data (notably the Q3 preliminary GDP outturn) have pushed back BoE rate cut expectations.
     
  • Major support levels - 0.8977 (20-DMA), 0.8955 (major trendline), 0.8885 (Oct 25 low)
     
  • Major resistance levels - 0.9049 (Nov 2 high), 0.9058 (Oct 17 high), 0.91
     
  • We see weakness only on breakout below trendline at 0.8955, test of 0.8885 and then 0.8827 levels likely.
     

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team