{"id":106709,"date":"2020-11-19T11:21:22","date_gmt":"2020-11-19T11:21:22","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106709"},"modified":"2020-11-19T11:24:07","modified_gmt":"2020-11-19T11:24:07","slug":"104847-eur-gbp-directionless-as-ecb-brexit-and-dollar-pulls-in-different-directions","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104847-eur-gbp-directionless-as-ecb-brexit-and-dollar-pulls-in-different-directions\/","title":{"rendered":"EUR\/GBP Directionless As ECB, Brexit, and Dollar Pulls In Different Directions"},"content":{"rendered":"<p><span style=\"font-weight: 400\">EUR\/GBP ended its two-day losing streak but might trade directionless as Brexit no-deal fears and ECB dovishness plus dollar recovery weighed on bullish and bearish bets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">EUR\/GBP attracted buyers throughout the early European session and moved above mid-0.8900s later in the day.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The recent rejection from the 0.9000 psychological mark seems to have run its course for now as the pair bounced back from the weekly lows around 0.8915 &#8211; touched yesterday.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The surging hopes for a Brexit deal were cut short as reports suggest that the European Union leaders will ask the European Commission to publish no-deal plans. The news triggered a fresh wave of pound selling and helped EUR\/GBP to move higher.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The pound weakness was offset by the EUR decline on account of the dollar short-covering. The common currency was also affected by the expectations of further monetary easing from the European Central Bank.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Traders might not take aggressive directional bets in the cross until clarity emerges on the Brexit deal talks. The Brexit deal negotiators will update the EU member states on Friday regarding the progress of the conversation with their British counterparts.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The UK and Eurozone have a light economic docket ahead today; hence EUR\/GBP cross will trade in response to the Brexit related developments. Unless the pair clears the resistance near the 0.9000 area, bulls might take a cautious stance.<\/span><\/p>\n<p>At the time of writing, one Euro buys 0.8936 British Pounds, up 0.10% as of 11:23 AM UTC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/GBP ended its two-day losing streak but might trade directionless as Brexit no-deal fears and ECB dovishness plus dollar recovery weighed on bullish and bearish bets. EUR\/GBP attracted buyers throughout the early European session and moved above mid-0.8900s later in the day. The recent rejection from the 0.9000 psychological mark seems to have run its [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5565,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[3359,1413,2649,1397],"class_list":{"0":"post-106709","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-b-rexit","10":"tag-ecb","11":"tag-eur-gbp","12":"tag-us-dollar"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/GBP Directionless As ECB, Brexit, and Dollar Pulls In Different Directions - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104847-eur-gbp-directionless-as-ecb-brexit-and-dollar-pulls-in-different-directions\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104847-eur-gbp-directionless-as-ecb-brexit-and-dollar-pulls-in-different-directions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104847-eur-gbp-directionless-as-ecb-brexit-and-dollar-pulls-in-different-directions\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"EUR\\\/GBP Directionless As ECB, Brexit, and Dollar Pulls In Different Directions\",\"datePublished\":\"2020-11-19T11:21:22+00:00\",\"dateModified\":\"2020-11-19T11:24:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104847-eur-gbp-directionless-as-ecb-brexit-and-dollar-pulls-in-different-directions\\\/\"},\"wordCount\":255,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104847-eur-gbp-directionless-as-ecb-brexit-and-dollar-pulls-in-different-directions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100622-gbp-eur-tory-leadership-heats-up.jpg\",\"keywords\":[\"B rexit\",\"ecb\",\"eur\\\/gbp\",\"us dollar\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104847-eur-gbp-directionless-as-ecb-brexit-and-dollar-pulls-in-different-directions\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104847-eur-gbp-directionless-as-ecb-brexit-and-dollar-pulls-in-different-directions\\\/\",\"name\":\"EUR\\\/GBP Directionless As ECB, Brexit, and Dollar Pulls In Different Directions - 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