Celebrating 10 Years of Trusted News Discovery
One News Page
> >

EUR/GBP regains 0.8800 and above, session tops Friday, 18 January 2019
· *The cross moves higher on GBP-selling, clinches the 0.88 handle.*
· *UK Retail Sales disappointed expectations in December.*
· *PM T.May starts her cross-party talks on a ‘Plan B” for Brexit.*

The now selling bias around the Sterling is motivating *EUR/GBP* to inch higher and retake the critical 0.880 handle and above.

*EUR/GBP supported near 0.8760*

The European cross is now picking up extra pace on the back of the current knee-jerk in the demand for the British Pound, all in the wake of the publication of UK Retail Sales.

In fact, GBP is on the defensive today after headline Retail Sales contracted at a monthly 0.9% during the last month of 2018 and expanded 3.0% from a year earlier. Additionally, Core sales also disappointed estimates, contracting 1.3% inter-month and rising at an annualized 2.6%.

In the meantime, GBP stays in centre stage, as PM Theresa May is expected to start her cross-party talks in order to come up with an alternative Brexit plan, which will be discussed by Parliament on January 29. It is worth recalling that May’s Brexit deal was rejected by the House of Commons by a large margin, although the PM has survived the J.Corbyn-led no-confidence vote afterwards.

*EUR/GBP key levels*

The cross is now gaining 0.52% at 0.8815 and a break above 0.8860 (200-day SMA) would open the door to 0.8901 (55-day SMA) and then 0.8985 (high Jan.15). On the other hand, the next support is located at 0.8763 (2019 low Jan.17) seconded by 0.8723 (monthly low Oct.10 2018) and finally 0.8655 (monthly low Nov.13 2018).

Recent related videos from verified sources

MELLA DEE in The Lab LDN [Video]MELLA DEE in The Lab LDN

Coors Light & Mixmag present The Lab LDN Check Mella Dee's All Night Long tour here: The Lab is powered by Void Acoustics: The Lab LDN is..

Credit: Mixmag     Duration: 03:51Published

DEMUJA in The Lab NYC [Video]DEMUJA in The Lab NYC

Find out more about WAV: For more DEMUJA: The Lab is powered by VOID Acoustics: Operating out of Mozart’s..

Credit: Mixmag     Duration: 14:54Published

HOUSE: Session Victim w/ Nebraska - Dawn [Delusions Of Grandeur] [Video]HOUSE: Session Victim w/ Nebraska - Dawn [Delusions Of Grandeur]

Super lush disco-y house from Session Victim and Nebraska. Out February 15. Get your copy: On their latest EP, Session Victim bring us the..

Credit: Mixmag     Duration: 06:16Published

RENATO COHEN in the Mixmag Brazil HQ Sao Paulo (2018) [Video]RENATO COHEN in the Mixmag Brazil HQ Sao Paulo (2018)

Bem-vindo ao Mixmag Brazil HQ Sao Paulo! Nessa session, apresentamos o som do DJ & produtor brasileiro Renato Cohen, um dos nomes mais famosos da música eletrônica nacional. Curtiu? Dá um..

Credit: Mixmag     Duration: 43:31Published

Could these fish help with a 48 hour Berghain session? [Video]Could these fish help with a 48 hour Berghain session?

These fish could be the key to a drug that means we don't need to sleep. Could be handy for the rave... Subscribe to our channel for more dance music news :) ------------------------------- 12..

Credit: Mixmag     Duration: 02:07Published

MAXIM LANY house DJ set: Olmeca World DJ Session Seoul [Video]MAXIM LANY house DJ set: Olmeca World DJ Session Seoul

Olmeca Tequila & Mixmag present World DJ Session, Seoul More Maxim Lany: More Olmeca Sessions: Lany Recordings...

Credit: Mixmag     Duration: 04:11Published

FRITS WENTINK trippy house set at W Amsterdam: Mixmag Session [Video]FRITS WENTINK trippy house set at W Amsterdam: Mixmag Session

Expect interesting wonky's Frits Wentink: W Amsterdam: Incredible releases on the Wolf Music and Triphouse Rotterdam labels..

Credit: Mixmag     Duration: 07:16Published

LAURA JONES classy house set in The Lab LDN [Video]LAURA JONES classy house set in The Lab LDN

Mixmag & Smirnoff Sound Collective present The Lab LDN Laura will debut her remix of Kiesza and Dejemba Djemba 'Give It To The Moment'. More on Laura: The Lab LDN is Mixmag..

Credit: Mixmag     Duration: 10:01Published

BELLA SARRIS dubby house & techno set in The Lab SYD [Video]BELLA SARRIS dubby house & techno set in The Lab SYD

Smirnoff Sound Collective & Mixmag present Bella Sarris in The Lab SYD More info on Bella Sarris: The Lab is powered by Void Acoustics: The..

Credit: Mixmag     Duration: 15:00Published

HOUSE: AMINE EDGE & DANCE feat PTAF – Boss Ass Bitch [CUFF] [Video]HOUSE: AMINE EDGE & DANCE feat PTAF – Boss Ass Bitch [CUFF]

The house duo return with an almighty bang Out January 15. Follow Cuff for more: Exclusive from More: More tracks JUST IN:..

Credit: Mixmag     Duration: 06:23Published

Recent related news from verified sources

USD/CAD falls to fresh 2-week lows, farther below 1.3200 handle ahead of FOMC minutes

*   •  The selling pressure remains unabated for the fourth session despite a modest USD rebound.  •  Retreating oil prices does little to dent demand...

SMPTE Engages the Next Generation of Storytellers to Help Guide the Society

Seven Rising Industry Leaders Attended SMPTE Strategic Planning Session to Provide Insights to Help Guide the Society Toward Future Success WHITE PLAINS, N.Y....

Gold prices hold at 10-month highs; markets await Fed minutes

(Reuters) - Gold prices held at 10-month highs on Wednesday, supported by global slowdown concerns and a weaker dollar, with markets eyeing the release of the...
Firstpost Also reported by •

GHX Announces 2019 Summit Keynote Speakers and Thought-Leading Workshops to Inspire Critical Discussions on the Future of Healthcare

Global Healthcare Exchange announced new general session speakers, including a keynote address by author and fitness and wellness expert Laila Ali, for the...

You Might Like

Tweets about this

Other recent news in Markets

Wall Street opens flat ahead of FOMC MINUTESSeven Group SHARE PRICE rockets 12% higher at ASX close on strong earnings
BUDGET anxiety keeps ZAR weak- TDSUK PM May: Will go to BRUSSELS with the concern from parliament over backstop
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest