GBPSterling had a mixed day against the euro on Monday as a combination of disappointing economic data and uncertainty around the French presidential election created a concoction of volatility for the British currency. EURThe euro also had a mixed trading session on Monday. According to the preliminary results for the French presidential election, President Macron achieved around 27% of the vote whilst far right candidate Le Pen took around 23.4%. Analysts believe a Le Pen win would be the worst outcome for the euro and could force the single currency to trade at multi-year lows. During the previous election, Macron was also challenged by Le Pen with a mandate to take France out of the European Union. Whilst, Le Pen hasn’t announced a campaign to take France out of the EU on this occasion, her policies remain a negative scenario for France and ultimately the euro. Key announcements07:00 - GBP - Unemployment rate fell to 3.8% |
EUR/USD |
1.0869 |
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RESISTANCE LEVELS: |
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1.150 1.1510| 1.1517 |
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SUPPORT LEVELS: |
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1.1220 | 1.1355 | 1.1400 |
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GBP/USD |
1.3000 |
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RESISTANCE LEVELS: |
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1.3700 | 1.3675 |
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SUPPORT LEVELS: |
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1.340| 1.3420| 1.3435 |
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GBP/EUR |
1.1960 |
|
RESISTANCE LEVELS: |
||
1.2035 | 1.2039 1.2051 |
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SUPPORT LEVELS: |
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1.180 | 1.1809 | 1.1815 |
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INTEREST RATES: |
BANK OF ENGLAND |
0.50% |
EUROPEAN CENTRAL BANK |
0.00% |
FEDERAL RESERVE |
0.50% |
Rates correct: 12/04/2022 - 09.00am