EUR/GBP Price Forecasts: Treads water at 0.8700, awaiting Bailey and Lagarde
Oleh Guillermo Alcala
Dikemas kini: 14 Apr 2026
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The Euro (EUR) keeps trading sideways around 0.8700 against the British Pound GBP) on Tuesday.
- EUR/GBP keeps wavering right above 0.8700 without a clear bias.
- Hopes of a resolution of the Middle East conflict have improved market sentiment.
- Lagarde's and Bailey's speeches could break the pair's standstill later on Tuesday.
The Euro (EUR) keeps trading sideways around 0.8700 against the British Pound GBP) on Tuesday. The improved risk mood amid hopes of further US-Iran peace talks has failed to break the pair’s range-bound trend, and investors await speeches by European Central Bank (ECB) President Christine Lagarde and Bank of England (BoE) Governor Andrew Bailey at the IMF forum later today.
The US military keeps blocking Iran’s harbours, but a Reuters report suggesting that US and Iranian teams could return to Islamabad for peace talks this week has boosted risk appetite. sending both currencies higher against the safe-haven US Dollar on Tuesday.
In the Eurozone, German March wholesale prices and, to a lesser extent, Spanish consumer inflation figures confirmed the inflationary impact of the war in Iran and added pressure on the ECB to hike interest rates in the near term.
Technical Analysis: Breaking trendline support
From a technical perspective, the EUR/GBP's four-hour chart shows the pair flatlining right above the 0.8700 level, with price action consolidating just under a broken trend-line support, which is now turning into resistance around 0.8710.
Technical indicators show a lack of directional conviction for now. The Relative Strength Index (RSI) slips toward the mid-40s while the Moving Average Convergence Divergence (MACD) hovers around the zero line, highlighting fading upside momentum.
Immediate support is seen at the mentioned 0.8700 area, with a break exposing the April 8 low near 0.8685 and the March 23, 24, and 26 lows around 0.8635. On the upside, bulls should return above the broken trendline, now at 0.8710 and Monday's high, at 0.8720, to resume the broader upside trend and aim for the April 1 and 7 highs in the area of 0.8740.
(The technical analysis of this story was written with the help of an AI tool.)
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.19% | -0.23% | -0.24% | -0.21% | -0.11% | -0.41% | -0.42% | |
| EUR | 0.19% | -0.03% | -0.04% | -0.01% | 0.08% | -0.23% | -0.24% | |
| GBP | 0.23% | 0.03% | 0.00% | 0.03% | 0.11% | -0.19% | -0.21% | |
| JPY | 0.24% | 0.04% | 0.00% | 0.03% | 0.13% | -0.18% | -0.19% | |
| CAD | 0.21% | 0.01% | -0.03% | -0.03% | 0.09% | -0.19% | -0.22% | |
| AUD | 0.11% | -0.08% | -0.11% | -0.13% | -0.09% | -0.31% | -0.32% | |
| NZD | 0.41% | 0.23% | 0.19% | 0.18% | 0.19% | 0.31% | -0.01% | |
| CHF | 0.42% | 0.24% | 0.21% | 0.19% | 0.22% | 0.32% | 0.01% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
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