{"id":108104,"date":"2021-01-29T17:57:07","date_gmt":"2021-01-29T17:57:07","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108104"},"modified":"2021-01-29T17:57:07","modified_gmt":"2021-01-29T17:57:07","slug":"105324-eur-gbp-rises-mildly-to-0-8850-but-downtrend-remains","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105324-eur-gbp-rises-mildly-to-0-8850-but-downtrend-remains\/","title":{"rendered":"EUR\/GBP rises mildly to 0.8850 but downtrend remains"},"content":{"rendered":"<ul>\n<li><strong>EUR\/GBP rises tentatively higher on Friday but remains close to multi-month lows.<\/strong><\/li>\n<li><strong>The UK\u2019s relatively quick vaccination efforts in January and EU vaccine delivery delays have weighed on the pair.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">EUR\/GBP is advancing on Friday trading around 0.8850 after failing to break below the multi month low of 0.8820 earlier in the week.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> The price is expected to remain capped by a descending trend line, while an even longer-term downtrend continues to act as a floor for the price action. As long as EUR\/GBP remains within this downwards trend channel, its bearish bias remains in place.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The UK\u2019s Covid-19 R estimate range was revised lower to 0.7-1.1 from 0.8-1.0. Furthermore the vaccination programme continues to accelerate and is rapid compared to international peers supporting GBP across the week<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile a tussle between the EU and the UK over vaccines could mean that the EU will prevent Pfizer\u2019s factory in Belgium from fulfilling its contractual agreement with the UK .Should this happen the UK\u2019s comparative vaccination lead over the EU could be impacted supporting EUR\/GBP.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In additional pandemic news Moderna is now also delaying deliveries to Italy, France and Poland. But the European Medical Agency has approved AstraZeneca\u2019s vaccine.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">German, French and Spanish preliminary GDP numbers for Q4 2020 beat forecasts underpinning the euro versus the pound and the US Dollar. German employment data for January was also ahead of expectations.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/GBP rises tentatively higher on Friday but remains close to multi-month lows. The UK\u2019s relatively quick vaccination efforts in January and EU vaccine delivery delays have weighed on the pair. EUR\/GBP is advancing on Friday trading around 0.8850 after failing to break below the multi month low of 0.8820 earlier in the week.\u00a0 The price [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5591,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":{"0":"post-108104","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur","10":"tag-gbp","11":"tag-gbp-eur"},"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 rises mildly to 0.8850 but downtrend remains - 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\/105324-eur-gbp-rises-mildly-to-0-8850-but-downtrend-remains\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\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\\\/105324-eur-gbp-rises-mildly-to-0-8850-but-downtrend-remains\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105324-eur-gbp-rises-mildly-to-0-8850-but-downtrend-remains\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/GBP rises mildly to 0.8850 but downtrend remains\",\"datePublished\":\"2021-01-29T17:57:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105324-eur-gbp-rises-mildly-to-0-8850-but-downtrend-remains\\\/\"},\"wordCount\":245,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105324-eur-gbp-rises-mildly-to-0-8850-but-downtrend-remains\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100636-gbp-eur-pound-drops-brexit-plan.jpg\",\"keywords\":[\"eur\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105324-eur-gbp-rises-mildly-to-0-8850-but-downtrend-remains\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105324-eur-gbp-rises-mildly-to-0-8850-but-downtrend-remains\\\/\",\"name\":\"EUR\\\/GBP rises mildly to 0.8850 but downtrend remains - 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