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EUR/GBP: stagflationary divergence in spotlight
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See also: InstaForex trading indicators for EUR/GBP In the early hours of the US trading session on Thursday, EUR/GBP is consolidating around 0.8649 (EMA200 on the 1-hour chart)–0.8646 (EMA50 on the weekly chart), reflecting uncertainty amid escalation in the Middle East and diverging monetary expectations from Europe's two largest central banks. The single currency shows relative resilience, receiving support from hawkish ECB signals, while the pound remains under pressure from stagflationary risks and political instability. Current situation: diplomatic deadlock Hopes for de-escalation that
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Jurij Tolin,
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