FXEM - EMPIRE MARKETS - Company New Article

The British pound is showing relative stability today, supported by mild dollar weakness as markets await new economic signals from the UK. Technical behavior suggests a slow upward drift, provided current levels hold.

Outlook:
If momentum continues, the pound may target 1.3475 – 1.3500. A slowdown could lead to a move toward 1.3370.

The euro is trading in a narrow range today amid a lack of major drivers from the eurozone. Investors are waiting for any clues from the ECB regarding inflation or future rate decisions.

Outlook:
If the price breaks and holds above 1.1350, we may see a move toward 1.1385. Downside corrections could push it temporarily to 1.1290.