Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

EUR/GBP tumbles to lows near 0.8960

  • The cross quickly drops to 0.8960 on Brexit headlines.
  • According to news UK-Germany said to drop key demands.
  • EUR/GBP retreats from highs in the 0.9050 area.

The now better tone around the British Pound is now forcing EUR/GBP to test lows in the 0.8960 area.

EUR/GBP weaker on Brexit news

GBP regained buying interest after news cited Germany and the UK could drop key Brexit demands, sending the cross almost a cent lower to the vicinity of the 0.8960/50 band.

According to news agency Bloomberg, Germany could accept a less detailed deal on the UK’s economic and trade links with the European Union in order to finally clinch a Brexit deal.

Earlier in the session, UK’s Service PMI came in above estimates at 54.3 for the month of August.

EUR/GBP key levels

The cross is now losing 0.52% at 0.8963 facing the next down barrier at 0.8937 (low Sep.3) seconded by 0.8911 (55-day SMA) and finally 0.8893 (low Aug.14). On the upside, a breakout of 0.9010 (10-day SMA) would expose 0.9052 (high Sep.5) and then 0.9103 (high Aug.28).

SEK: Have we underestimated the impact of QE or the USD? – Nordea Markets

Martin Enlund, Research Analyst at Nordea Markets, points out that the SEK is remarkably weak and while they still predict a stronger SEK down the roa
Read more Previous

GBP/JPY Technical Analysis: Rallies hard to 145.00 neighborhood on positive Brexit headlines

   •  The British Pound rallied hard across the board on news reports that the UK and Germany have decided to abandon some key Brexit demands.    • 
Read more Next