Technically EURGBP is in an overbought area above the upperband of the bollinger bands, combined with the stochastic oscillator 5 3 3 which allows for a crossing to form in the oversold area. in the next few days the price is predicted to fall.
Supported by Fundamentals weakness against the euro, which has been hit by concerns about shortages and soaring natural gas prices, underscoring how widespread market jitters are about the UK. Inflation is at 10% and is expected to climb higher, pressuring the battered consumer's pay packet further. UK government bonds are on track for their biggest monthly fall since 1994 as investors dump Gilts.
Supported by Fundamentals weakness against the euro, which has been hit by concerns about shortages and soaring natural gas prices, underscoring how widespread market jitters are about the UK. Inflation is at 10% and is expected to climb higher, pressuring the battered consumer's pay packet further. UK government bonds are on track for their biggest monthly fall since 1994 as investors dump Gilts.
