Thursday, October 15, 2026

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FxWirePro: EUR/GBP trades a narrow range, German GDP data in focus

EUR/GBP trades in a narrow range ahead of German GDP data, holds above 20-DMA support at 0.8545. The single currency remains under pressure following poor Eurozone consumer confidence data. Eurozone consumer confidence f…

By FxWirePro Team
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FxWirePro: EUR/GBP trades a narrow range, German GDP data in focus
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  • EUR/GBP trades in a narrow range ahead of German GDP data, holds above 20-DMA support at 0.8545.
     
  • The single currency remains under pressure following poor Eurozone consumer confidence data.
     
  • Eurozone consumer confidence for Aug decreased by -0.6 points to -8.5, indicating that Europeans have lost quite some confidence this summer.
     
  • Euro bears currently take a breather, EUR/GBP 0.11 pct higher on the day after 2 consecutive sessions of losses.
     
  • Market focus now on the German final GDP report due ahead in the European session.
     
  • Expectations are for German GDP to have remained unchanged q/q and y/y at 0.4 percent and 3.1 percent respectively.
     
  • Miss on expectations could weigh on the pair, break below 20-DMA at 0.8545 could see a drag upto 0.8435 (rising trendline).
     

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By FxWirePro Team