{"id":33100,"date":"2015-02-25T12:10:42","date_gmt":"2015-02-25T12:10:42","guid":{"rendered":"http:\/\/www.tradersdna.com\/?p=33100"},"modified":"2021-03-25T11:59:54","modified_gmt":"2021-03-25T11:59:54","slug":"eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks","status":"publish","type":"post","link":"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/","title":{"rendered":"EUR\/GBP at 7-Year Lows Ahead of Carney, Draghi Remarks"},"content":{"rendered":"

The EUR\/GBP sunk to fresh seven-year lows on Tuesday, as the beleaguered euro continued to struggle amid ongoing talks between Greece and its EU paymasters about Athens\u2019 proposed four-month loan extension.<\/p>\n

The EUR\/GBP hit 0.7316 in Tuesday\u2019s European session, a new seven-year low. The pair rebounded slightly in Wednesday\u2019s Asian session and was trading at 0.7333. The pair\u2019s next lifeline is at 0.7319. A break below that level would expose the 0.7300 handle. On the upside, initial resistance is likely found at 0.7354.<\/p>\n

On Wednesday Bank of England Governor Mark Carney will testify before parliament\u2019s Treasury Committee. Britain\u2019s top central banker is expected to highlight the country\u2019s steady economic growth over the past year, despite plunging inflation. Carney has stated before that inflation could fall below zero by the spring and that the BOE could cut interest rates further to prevent long-term deflation. According to the Bank\u2019s latest inflation report, the consumer price index will average around zero in the middle of the year before rebounding toward the end of 2015.<\/p>\n

Last year investors appeared certain that the BOE would be the first major central bank to begin lifting interest rates. Given Britain\u2019s currency macroeconomic realities, analysts expect the BOE to hold off on raising interest rates until at least the beginning of 2016.<\/p>\n

Meanwhile, European Central Bank President Mario Draghi will visit the European Parliament in Brussels on Wednesday, where he will participate in a Plenary Debate on the ECB\u2019s 2013 Annual Report.<\/p>\n

Eurozone inflation is forecast to fall at a near-record pace in February, stoking concerns about the long-term health of the currency region and whether quantitative easing would be enough to kick start the recovery. While Germany posted stronger than forecast GDP growth in the fourth quarter of last year, the bulk of the gains were attributed to a weakening euro and plunging energy prices.<\/p>\n

The European Commission will release preliminary euro area CPI figures next Monday. The ECB\u2019s Governing Council will coalesce next Wednesday and Thursday to discuss monetary policy and unveil new economic projections.<\/p>\n

In January the ECB announced it would pump up to \u20ac1 trillion into the currency region over the next year-and-a-half to stave off deflation. The \u20ac60 trillion-a-month bond buying program was much larger than analysts had expected. The announcement brought the ECB closer into line with Bank of England and United States Federal Reserve, which unleashed their own bond buying programs following the 2008 financial crisis.<\/p>\n

\n
\n
<\/pre>\n<\/div>\n
<\/pre>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The EUR\/GBP sunk to fresh seven-year lows on Tuesday, as the beleaguered euro continued to struggle amid ongoing talks between Greece and its EU paymasters about Athens\u2019 proposed four-month loan extension. The EUR\/GBP hit 0.7316 in Tuesday\u2019s European session, a new seven-year low. The pair rebounded slightly in Wednesday\u2019s Asian session and was trading at […]<\/p>\n","protected":false},"author":99,"featured_media":45635,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"codedeyo_gutenberg_meta":"","footnotes":""},"categories":[135],"tags":[389,1069,28,26,644,324,70],"class_list":["post-33100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-currencies","tag-bank-of-england","tag-cpi","tag-currency","tag-eur","tag-federal-reserve","tag-gbp","tag-trading"],"acf":[],"yoast_head":"\nEUR\/GBP at 7-Year Lows Ahead of Carney, Draghi Remarks<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EUR\/GBP at 7-Year Lows Ahead of Carney, Draghi Remarks\" \/>\n<meta property=\"og:description\" content=\"The EUR\/GBP sunk to fresh seven-year lows on Tuesday, as the beleaguered euro continued to struggle amid ongoing talks between Greece and its EU paymasters about Athens\u2019 proposed four-month loan extension. The EUR\/GBP hit 0.7316 in Tuesday\u2019s European session, a new seven-year low. The pair rebounded slightly in Wednesday\u2019s Asian session and was trading at […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/\" \/>\n<meta property=\"og:site_name\" content=\"MKTPlace\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-25T12:10:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-25T11:59:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mktplace.org\/wp-content\/uploads\/2021\/03\/pounds-2391239_1280-web.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Market Place\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Market Place\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/\",\"url\":\"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/\",\"name\":\"EUR\/GBP at 7-Year Lows Ahead of Carney, Draghi Remarks\",\"isPartOf\":{\"@id\":\"https:\/\/mktplace.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mktplace.org\/wp-content\/uploads\/2021\/03\/pounds-2391239_1280-web.jpg\",\"datePublished\":\"2015-02-25T12:10:42+00:00\",\"dateModified\":\"2021-03-25T11:59:54+00:00\",\"author\":{\"@id\":\"https:\/\/mktplace.org\/#\/schema\/person\/e5518d09b220137cdc82dbf4cb116617\"},\"breadcrumb\":{\"@id\":\"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/#primaryimage\",\"url\":\"https:\/\/mktplace.org\/wp-content\/uploads\/2021\/03\/pounds-2391239_1280-web.jpg\",\"contentUrl\":\"https:\/\/mktplace.org\/wp-content\/uploads\/2021\/03\/pounds-2391239_1280-web.jpg\",\"width\":1000,\"height\":750,\"caption\":\"Pounds, GBP\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mktplace.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EUR\/GBP at 7-Year Lows Ahead of Carney, Draghi Remarks\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mktplace.org\/#website\",\"url\":\"https:\/\/mktplace.org\/\",\"name\":\"MKTPlace\",\"description\":\"all about trading, Fintech, Business, AI & technology in one place\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mktplace.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/mktplace.org\/#\/schema\/person\/e5518d09b220137cdc82dbf4cb116617\",\"name\":\"Market Place\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mktplace.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/322f195891a166cab487302db4173e55?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/322f195891a166cab487302db4173e55?s=96&d=mm&r=g\",\"caption\":\"Market Place\"},\"description\":\"MKTPlace is a leading digital and social media platform for traders and investors. MKTPlace offers premiere resources for trading and investing education, digital resources for personal finance, news about IoT, AI, Blockchain, Business, market analysis and education resources and guides.\",\"url\":\"https:\/\/mktplace.org\/author\/mktplace\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EUR\/GBP at 7-Year Lows Ahead of Carney, Draghi Remarks","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/","og_locale":"en_US","og_type":"article","og_title":"EUR\/GBP at 7-Year Lows Ahead of Carney, Draghi Remarks","og_description":"The EUR\/GBP sunk to fresh seven-year lows on Tuesday, as the beleaguered euro continued to struggle amid ongoing talks between Greece and its EU paymasters about Athens\u2019 proposed four-month loan extension. The EUR\/GBP hit 0.7316 in Tuesday\u2019s European session, a new seven-year low. The pair rebounded slightly in Wednesday\u2019s Asian session and was trading at […]","og_url":"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/","og_site_name":"MKTPlace","article_published_time":"2015-02-25T12:10:42+00:00","article_modified_time":"2021-03-25T11:59:54+00:00","og_image":[{"width":1000,"height":750,"url":"https:\/\/mktplace.org\/wp-content\/uploads\/2021\/03\/pounds-2391239_1280-web.jpg","type":"image\/jpeg"}],"author":"Market Place","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Market Place","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/","url":"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/","name":"EUR\/GBP at 7-Year Lows Ahead of Carney, Draghi Remarks","isPartOf":{"@id":"https:\/\/mktplace.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/#primaryimage"},"image":{"@id":"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/#primaryimage"},"thumbnailUrl":"https:\/\/mktplace.org\/wp-content\/uploads\/2021\/03\/pounds-2391239_1280-web.jpg","datePublished":"2015-02-25T12:10:42+00:00","dateModified":"2021-03-25T11:59:54+00:00","author":{"@id":"https:\/\/mktplace.org\/#\/schema\/person\/e5518d09b220137cdc82dbf4cb116617"},"breadcrumb":{"@id":"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/#primaryimage","url":"https:\/\/mktplace.org\/wp-content\/uploads\/2021\/03\/pounds-2391239_1280-web.jpg","contentUrl":"https:\/\/mktplace.org\/wp-content\/uploads\/2021\/03\/pounds-2391239_1280-web.jpg","width":1000,"height":750,"caption":"Pounds, GBP"},{"@type":"BreadcrumbList","@id":"https:\/\/mktplace.org\/eurgbp-at-7-year-lows-ahead-of-carney-draghi-remarks\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mktplace.org\/"},{"@type":"ListItem","position":2,"name":"EUR\/GBP at 7-Year Lows Ahead of Carney, Draghi Remarks"}]},{"@type":"WebSite","@id":"https:\/\/mktplace.org\/#website","url":"https:\/\/mktplace.org\/","name":"MKTPlace","description":"all about trading, Fintech, Business, AI & technology in one place","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mktplace.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/mktplace.org\/#\/schema\/person\/e5518d09b220137cdc82dbf4cb116617","name":"Market Place","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mktplace.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/322f195891a166cab487302db4173e55?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/322f195891a166cab487302db4173e55?s=96&d=mm&r=g","caption":"Market Place"},"description":"MKTPlace is a leading digital and social media platform for traders and investors. MKTPlace offers premiere resources for trading and investing education, digital resources for personal finance, news about IoT, AI, Blockchain, Business, market analysis and education resources and guides.","url":"https:\/\/mktplace.org\/author\/mktplace\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/mktplace.org\/wp-json\/wp\/v2\/posts\/33100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mktplace.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mktplace.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mktplace.org\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/mktplace.org\/wp-json\/wp\/v2\/comments?post=33100"}],"version-history":[{"count":0,"href":"https:\/\/mktplace.org\/wp-json\/wp\/v2\/posts\/33100\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mktplace.org\/wp-json\/wp\/v2\/media\/45635"}],"wp:attachment":[{"href":"https:\/\/mktplace.org\/wp-json\/wp\/v2\/media?parent=33100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mktplace.org\/wp-json\/wp\/v2\/categories?post=33100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mktplace.org\/wp-json\/wp\/v2\/tags?post=33100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}