EUR/GBP: Politics spark reverse V-shaped session – Danske Bank

Source Fxstreet

The Danske Research Team highlights that EUR/GBP saw a reverse V‑shaped price action during the previous session. The move came as UK politics returned to focus, with pressure on Prime Minister Keir Starmer to resign after senior aides stepped down. The cross traded against a backdrop of softer US Dollar and mixed risk sentiment across regions.

Cross reacts to renewed UK political focus

"EUR/GBP was in for a reverse v shaped price action during yesterday's session as UK politics came back into focus."

"In the UK, Prime Minister Keir Starmer is under pressure to resign after two aides stepped down amidst controversy over Peter Mandelson's appointment as ambassador to Washington."

"Scottish Labour leader Anas Sarwar called for Starmer's resignation, but the Prime Minister has vowed to stay, citing support from key ministers and his mandate from voters."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin ETF Investors Face 8% Losses as $3 Billion Exits Market in Two WeeksUS spot Bitcoin ETF buyers are essentially the very investors expected to provide a stable, long-term bid for the pioneer crypto. However, data shows that these players are now sitting on mounting unr
Author  Beincrypto
Feb 03, Tue
US spot Bitcoin ETF buyers are essentially the very investors expected to provide a stable, long-term bid for the pioneer crypto. However, data shows that these players are now sitting on mounting unr
placeholder
Risks Rise for Bitcoin, Gold, and Silver as Goldman Sachs Warns $80 Billion in Stock SellingGlobal markets may be entering a new phase of volatility after Goldman Sachs warned that systematic funds could offload tens of billions of dollars in equities in the coming weeks.This wave of selling
Author  Beincrypto
Yesterday 03: 26
Global markets may be entering a new phase of volatility after Goldman Sachs warned that systematic funds could offload tens of billions of dollars in equities in the coming weeks.This wave of selling
placeholder
Arthur Hayes Attributes Bitcoin Crash to ETF-Linked Dealer HedgingArthur Hayes, the co-founder of BitMEX, suggested that institutional dealer hedging is exacerbating the recent downward pressure on Bitcoin prices.In a February 7 post on X, Hayes pointed to structure
Author  Beincrypto
Yesterday 03: 28
Arthur Hayes, the co-founder of BitMEX, suggested that institutional dealer hedging is exacerbating the recent downward pressure on Bitcoin prices.In a February 7 post on X, Hayes pointed to structure
placeholder
Fed to enter gradual money-printing phase, says Lyn AldenLyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
Author  Cryptopolitan
Yesterday 03: 31
Lyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
placeholder
Bitcoin Stable at $70,000: Will BTC Pump or Dump From Here?Bitcoin is holding firm around the $70,000 level after one of its sharpest sell-offs this cycle, leaving investors split on what comes next. On-chain data, ETF flows, and market structure signals now
Author  Beincrypto
7 hours ago
Bitcoin is holding firm around the $70,000 level after one of its sharpest sell-offs this cycle, leaving investors split on what comes next. On-chain data, ETF flows, and market structure signals now
Related Instrument
goTop
quote