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.
Cancel Confirm
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.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
2 Aug 2021

EUR/GBP remains pressurized below 0.8550 ahead of EU Retail Sales

  • EUR/GBP extends the previous week’s last moment upside momentum.
  • The Euro remains muted despite the upbeat economic data, Retails sales eyed.
  • The sterling outperforms on the anticipation of BOE’s alternation of the current monetary policy stance in the next meeting.

EUR/GBP prints some minor gains in the Asian trading hours on Monday. The pair manages to rebounds from the previous week’s sell-off below 0.8500.

At the time of writing, EUR/GBP is trading at 0.8538 up 0.02% for the day.

The single currency managed to hold the gains of the last trading day of the previous week. The Eurozone Unemployment Rate declined 7.7% in June, below the market expectations of 7.9%.

The Euro Area economy rose to 2.0% in June on a quarterly basis, beating the market expectations of 1.5% growth, whereas the Annual Inflation rate jumped 2.2% in July from 1.9% in the previous month. 

On the other hand, the sterling gained some traction on the optimism of falling coronavirus infections in the UK and on the market assumption that the Bank of England (BOE) would be the first developed nation central bank to raise interest rates in the light of rising inflation and economic recovery.

As for now, investors await the release of the Euro Retail Sales data and the UK Markit manufacturing PMI  to take fresh trading impetus.

EUR/GBP additional levels


 

Aug 2, 2021

Gold Price Forecast: Bears taking over as US dollar firms

The price of gold was pushed to a critical support area on the daily chart on Friday and is starting out the week consolidating there waiting for a ca
Read more Previous
Aug 2, 2021

GBP/JPY Price Analysis: Teases sellers around mid-152.00s

GBP/JPY remains on the back foot around 152.50, flirting with short-term support, amid Monday’s Asian session. The pair marked another pullback from 1
Read more Next