Thursday, October 15, 2026

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FxWirePro: EUR/GBP trades a narrow range ahead of UK CPI data

EUR/GBP trades a narrow range, with a day's high at 0.8385 and a low of 0.7342. The cross ticked higher on Tuesday but remained well below 0.8400 handle. Downside in the pair was cushioned by fading risk-aversion sentime…

By FxWire Pro
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FxWirePro: EUR/GBP trades a narrow range ahead of UK CPI data
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  • EUR/GBP trades a narrow range, with a day's high at 0.8385 and a low of 0.7342.
     
  • The cross ticked higher on Tuesday but remained well below 0.8400 handle.
     
  • Downside in the pair was cushioned by fading risk-aversion sentiment after a failed military coup attempt in Turkey which supported the euro. 
     
  • Markets will focus on the release of UK CPI and German ZEW Economic Sentiment, for clues on direction.
     
  • ECB monetary policy meeting on Thursday would be the next big trigger for the pair.
     
  • Strong support is seen by 20-DMA at 0.8317, weakness only on break below. Test of 0.8250 then likely.
     
  • A decisive break above 0.8400 handle could boost the pair immediately towards 0.8450 resistance.
     

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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