The Federal Reserve is in the spotlight in the upcoming week, but the BOE and the BOJ will also compete for attention. Here are the Forex and crypto events that will happen this week, let's dive deep into it!
The now better mood around the British Pound is dragging EURGBP to the mid-0.9200s following the opening bell in the Old Continent on Monday.
EURGBP is now picking up extra upside traction and moves at shouting distance from yesterday’s 2019 highs in the 0.9250/60 band.
The FTSE ended 2 points lower at 7584 on Thursday. The index dropped below the 7575 level and found support at 7535 before turning back up.
The FTSE traded 0.78% lower on Wednesday at the back of disappointing earnings reports and a slight recovery in the pound.
The broad-based range-bound prevailing in both the Sterling and the shared currency is prompting EURGBP to follow the same theme in the 0.9100 area.
The pound continued to decline sharply over the last days and the GBPUSD pair dropped to the 1.27 mark, level unseen since the middle of January.