Read more
9:29 AM · 13 January 2023

Chart of the day - EURGBP (13.01.2023)

-
-
Open account Download free app

Two top European macro readings of the day have already been released. GDP data from both, the United Kingdom and Germany, turned out to be a positive surprise with growth turning out to be better-than-expected. UK GDP increased by 0.1% MoM in November while the market expected a drop of 0.2% MoM. Meanwhile, German GDP grew at a pace of 1.9% in 2022, better than 1.8% expected but slower than 2.6% reported for 2021.

While the UK release provided some lift for GBP, EUR has been mostly muted following German data. As a result a pullback on EURGBP pair can be observed with drop accelerating in the last hour. The pair is attempting to make a break below the support zone in the 0.8865 area, marked with previous price reactions and 50-hour moving average (green line). Should bears manage to push the pair below, the next target to watch will be the lower limit of the upward channel, currently in the 0.8855 area.

Source: xStation5

27 March 2026, 6:48 PM

Daily summary: Fifth week of declines on the Wall Street

27 March 2026, 5:46 PM

Three markets to watch next week (27.03.2026)

27 March 2026, 8:50 AM

Chart of the Day: USDJPY at a Crossroads. Will the Government Step In?

27 March 2026, 6:53 AM

Morning Wrap: Trump Announces a “Pause”. Another 10-Day Ultimatum!

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits