{"id":3397,"date":"2023-07-20T12:52:49","date_gmt":"2023-07-20T12:52:49","guid":{"rendered":"https:\/\/blog.trive.com\/?p=3397"},"modified":"2023-07-20T12:52:50","modified_gmt":"2023-07-20T12:52:50","slug":"will-the-euro-emerge-victorious-in-the-clash-of-the-currencies","status":"publish","type":"post","link":"https:\/\/blog.trive.com\/de\/handel\/will-the-euro-emerge-victorious-in-the-clash-of-the-currencies\/","title":{"rendered":"Will the Euro Emerge Victorious in the Clash of the Currencies?"},"content":{"rendered":"<p><em>Piece by Alexa Smith, Trive Financial Market Analyst<\/em>&nbsp;<\/p>\n\n\n\n<p>In this clash between two titans, inflation takes centre stage, while the EURGBP currency pair is caught in the midst of the action. The Bank of England (BOE) took a bold stance by aggressively hiking rates by 50 bps last month in a bid to tame stubbornly high inflation in the UK. The move appeared to be effective, as headline inflation cooled at a faster rate in June, dropping from 8.7% to 7.9%, beating expectations of 8.2%. Core inflation followed suit, declining from 7.1% to 6.9%.&nbsp;<\/p>\n\n\n\n<p>The slowdown in inflation may lead the BOE to skip an interest rate hike this month, impacting the Sterling&#8217;s slight gain. On the other side of the ring, European headline inflation also cooled, moving from 6.1% to 5.5%, aligning with forecasts, but declining at a slower pace than for the Sterling. However, core inflation in Europe increased from 5.3% to 5.5%, exceeding forecasts by 0.1% and introducing a glimmer of hope regarding the prospect of further rate hikes by the ECB.&nbsp;<\/p>\n\n\n\n<p><strong>Technische Analyse&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p>The EURGBP currency pair gained upward momentum, establishing resistance at 0.86920. A slight pullback attempted to drive downside momentum but fell short of the 23.60% Fibonacci level, establishing support at 0.86561. However, the recent leg up may drive upward momentum towards the 0.87067 major resistance if the upside momentum persists.&nbsp;&nbsp;<\/p>\n\n\n\n<p>However, the current price level could hold, which may encourage downside pressure towards the 0.86561 support. Where this support level fails to hold, demand factors may encourage a pullback towards the Golden Ratio, which may be a pivot point for further downside momentum.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"609\" src=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-33-1024x609.png\" alt=\"\" class=\"wp-image-3398\" srcset=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-33-1024x609.png 1024w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-33-300x178.png 300w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-33-768x457.png 768w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-33-18x12.png 18w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-33.png 1439w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Zusammenfassung<\/strong>&nbsp;<\/p>\n\n\n\n<p>The EURGBP currency pair is edging higher on the backdrop of inflation slowing at a faster rate in the UK. If the upward momentum persists, the currency pair may be encouraged to retest the 0.87067 major resistance. However, demand-side pressure may encourage a pullback towards the Golden Ratio.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Sources: TradingView, Reuters<\/p>","protected":false},"excerpt":{"rendered":"<p>Piece by Alexa Smith, Trive Financial Market Analyst&nbsp; In this clash between two titans, inflation takes centre stage, while the EURGBP currency pair is caught in the midst of the action. The Bank of England (BOE) took a bold stance by aggressively hiking rates by 50 bps last month in a bid to tame stubbornly [&hellip;]<\/p>","protected":false},"author":15,"featured_media":3212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Will the Euro Emerge Victorious in the Clash of the Currencies? - Trive Blog<\/title>\n<meta name=\"description\" content=\"In this clash between two titans, inflation takes centre stage, while the EURGBP currency pair is caught in the midst of the action.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.trive.com\/de\/handel\/will-the-euro-emerge-victorious-in-the-clash-of-the-currencies\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will the Euro Emerge Victorious in the Clash of the Currencies?\" \/>\n<meta property=\"og:description\" content=\"In this clash between two titans, inflation takes centre stage, while the EURGBP currency pair is caught in the midst of the action.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.trive.com\/de\/handel\/will-the-euro-emerge-victorious-in-the-clash-of-the-currencies\/\" \/>\n<meta property=\"og:site_name\" content=\"Trive Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-20T12:52:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-20T12:52:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/06\/THUMB-EURGBP.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"514\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CONNECT TRIVE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Will the Euro Emerge Victorious in the Clash of the Currencies?\" \/>\n<meta name=\"twitter:description\" content=\"In this clash between two titans, inflation takes centre stage, while the EURGBP currency pair is caught in the midst of the action.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/06\/THUMB-EURGBP.png\" \/>\n<meta name=\"twitter:label1\" content=\"Verfasst von\" \/>\n\t<meta name=\"twitter:data1\" content=\"CONNECT TRIVE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Gesch\u00e4tzte Lesezeit\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 Minuten\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.trive.com\/trading\/will-the-euro-emerge-victorious-in-the-clash-of-the-currencies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/will-the-euro-emerge-victorious-in-the-clash-of-the-currencies\/\"},\"author\":{\"name\":\"CONNECT TRIVE\",\"@id\":\"https:\/\/blog.trive.com\/#\/schema\/person\/1b50e17681b87a48acedbf0270821e31\"},\"headline\":\"Will the Euro Emerge Victorious in the Clash of the Currencies?\",\"datePublished\":\"2023-07-20T12:52:49+00:00\",\"dateModified\":\"2023-07-20T12:52:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/will-the-euro-emerge-victorious-in-the-clash-of-the-currencies\/\"},\"wordCount\":327,\"publisher\":{\"@id\":\"https:\/\/blog.trive.com\/#organization\"},\"articleSection\":[\"Trading\"],\"inLanguage\":\"de-DE\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.trive.com\/trading\/will-the-euro-emerge-victorious-in-the-clash-of-the-currencies\/\",\"url\":\"https:\/\/blog.trive.com\/trading\/will-the-euro-emerge-victorious-in-the-clash-of-the-currencies\/\",\"name\":\"Will the Euro Emerge Victorious in the Clash of the Currencies? 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