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2025-09-15 19:21:21
[Pound Sterling "Eve of a Storm": A Flood of Data Tests Stability] ⑴ The EUR/GBP exchange rate has seen a mild decline, bringing the support level of 0.8600/20 into focus. However, with a slew of risk events expected on Tuesday, market participation is expected to be low, potentially limiting exchange rate fluctuations. ⑵ The pound's quiet period may be coming to an end, and key data will test the market. Furthermore, the Bank of England's decision on quantitative tightening (QT) will also attract market attention and may have an impact on the pound's trajectory. ⑶ Looking at cross-currency charts, resistance levels for EUR/GBP lie at the 55-day moving average of 0.8656 and 0.8700, respectively. The market awaits a series of important economic data and central bank decisions to determine the pound's next move.
