EUR/GBP inches lower, tests 200-day EMA as UK GDP tops forecasts
By: bitcoin ethereum news|2025/05/16 03:30:09
0
Share
EUR/GBP trades near 0.8420, testing 200-day EMA after failing to extend previous day’s gains. Eurozone GDP revised down modestly, but Industrial Production surprises to the upside. UK Q1 GDP expands at the strongest pace in three quarters. EUR/GBP is trading slightly lower near 0.8420 at the time of writing on Thursday, retreating from the previous day’s highs as the pair tests the 200-day Exponential Moving Average (EMA). The British Pound found renewed support after stronger-than-expected UK Gross Domestic Product (GDP) data, while the Euro remains underpinned by upbeat Industrial Production figures. In the Eurozone, GDP was revised down to 0.3% QoQ for Q1 from an initial 0.4% estimate. Annual growth held at 1.2%, matching the previous quarter and preliminary figures. However, Industrial Production in March rose by a robust 2.6% MoM — beating expectations of 1.8% — and marking the strongest print since November 2020, driven by higher capital goods output and factory activity. The British economy grew by 0.7% QoQ in Q1, surpassing market forecasts of 0.6% and accelerating from a 0.1% gain in Q4 of 2024. This marks the strongest quarterly growth in three quarters, reflecting resilience in key sectors. On a monthly basis, GDP rose by 0.2% in March following a 0.5% increase in February. Annual growth came in at 1.3%, slightly below the prior 1.5% but ahead of consensus at 1.2%. This latest economic data underscores a widening monetary policy divergence between the European Central Bank (ECB) and the Bank of England (BoE). The ECB, at its April 17 meeting, lowered its three key interest rates by 25 basis points, with the deposit facility rate now at 2.25%, signaling a move to ease monetary policy amid concerns about rising trade tensions impacting the growth outlook. The ECB appears on track to begin its rate-cutting cycle, amid subdued inflation and a downward revision to Q1 GDP growth. Although Eurozone Industrial production posted its strongest monthly gain since late 2020, policymakers remain focused on supporting the fragile recovery. On the other side, the BoE also lowered its policy rate by 25 basis points to 4.25% on May 8, but the decision exposed divisions within the Monetary Policy Committee and reflected a more cautious tone. The UK’s economy expanded by 0.7% in Q1 — the strongest quarterly performance in three quarters — and monthly figures continue to outperform expectations, giving the BoE more room to hold off on aggressive easing. As a result, monetary policy divergence between the two central banks continues to widen, with the ECB clearly ahead in its easing cycle, while the BoE signals a slower, data-dependent path. Source: https://www.fxstreet.com/news/eur-gbp-inches-lower-tests-200-day-ema-as-uk-gdp-tops-forecasts-202505151430
You may also like

Oracle "Outage": Aave Faces $27 Million Irregular Liquidation
The guardian has turned into the reaper. An internal configuration mistake caused the largest DeFi lending protocol to **accidentally** liquidate 34 accounts.

A single tweet caused a 17% crash in oil prices, who's not a Meme yet
From the Petrodollar to the Meme Era: Why a Single Tweet Tanked Global Oil Prices

March 11th Market Key Intelligence, How Much Did You Miss?
1. On-chain Fund: $47.1M inflow to Hyperliquid today; $75.4M outflow from Ethereum
2. Largest Price Swings: $XAI, $BTW
3. Top News: G7 Pre-Summit Pledge to "Principally Support Strategic Crude Oil Reserve Use"; Four Whales Open Large Short Positions Against Crude Oil Today

Benefit-Loaded Event | With over 500 sign-ups, how else can this Lobster Tug-of-War Extravaganza be spiced up?
Sign Up Now!

a16z’s Brutal Lesson to Crypto Founders: Why Enterprises Don’t Buy the Best Technology?
If your product is "obviously better" but still can't win, the gap lies not in performance, but in product-market fit.

The rivers and lakes are no more, Li Lin returns
We no longer need a larger exchange or more complex financial products; we hope to see more individuals like Li Lin in the industry, who can drive innovations that truly open up boundaries for the industry.

Earn Up to 300% APR With WEEX Auto Earn: Limited-Time Crypto Passive Income Event
Earn up to 300% APR with WEEX Auto Earn in this limited-time crypto earning campaign. Activate Auto Earn, invite friends, and unlock additional referral crypto rewards before March 25.

BitsLab Deep Production: Nanobot User Security Practice Guide
BitsLab releases AI Agent Security Guidelines: Through a three-pronged strategy of "User Review + Agent Awareness + Script Hard Interception," a zero-trust security defense line is established to prevent prompt injection and sensitive data leakage risks.

What are the common traits of people who founded a $5 Billion+ company before the age of 23?
Trauma, Neurodiversity, Cross-Domain Skills. These characteristics, which may appear as "flaws" on a traditional resume, could instead be the most important signals

Why Hasn't $160 Billion Stripe Gone Public?
The Rise of Private Placements, with Companies like Stripe Rewriting Fundraising Logic.

All the AI News You Need to Know is Here, Lyrical Officially Launches AI News Feed
Users can access key information in real time without switching pages

Bitwise: Why Bitcoin Is Destined to Impact a Million Dollars?
When people talk about Bitcoin, they often overlook one key thing.

Amid Geopolitical Turmoil, Tokenized Gold Emerges Alongside Round-the-Clock On-Chain Markets
When the stock market is closed, the on-chain becomes the sole trading and pricing outlet.

Who Longs War on Polymarket?
The Rug Pull War rages on, with the potential to earn up to 4x gains on your bet

4 AI Trading Strategy Lessons from WEEX Hackathon Finalist
Finalist Bambi shares how AI tools helped turn real trading experience into an automated strategy, why survival-first risk control shaped the system’s design, and how the approach will evolve ahead of WEEX AI Trading Hackathon Season 2.

Hong Kong Crypto Ecosystem 2.0: Stablecoins, RWA, and the New Battleground for Financial Institutions
Hong Kong is no longer just a bystander in the cryptocurrency industry, but may become the core hub of the compliant cryptocurrency market in the Chinese-speaking world and even the entire Asia-Pacific region.

Polymarket Arbitrage Bible: The Real Gap is in the Mathematical Infrastructure
While retail investors are still engaged in simple probability addition, top quantitative teams are systematically harvesting millions of dollars in arbitrage profits on Polymarket using hardcore mathematical infrastructure such as integer programming and Bregman projections.

Crypto Barbarians Jupiter Series: Still Owes the Market an Answer
This entrepreneurial team from Singapore and Malaysia has indeed demonstrated its product execution capabilities to the market over the past three years, but they have also fully arbitraged every regulatory gray area with their business logic.
Oracle "Outage": Aave Faces $27 Million Irregular Liquidation
The guardian has turned into the reaper. An internal configuration mistake caused the largest DeFi lending protocol to **accidentally** liquidate 34 accounts.
A single tweet caused a 17% crash in oil prices, who's not a Meme yet
From the Petrodollar to the Meme Era: Why a Single Tweet Tanked Global Oil Prices
March 11th Market Key Intelligence, How Much Did You Miss?
1. On-chain Fund: $47.1M inflow to Hyperliquid today; $75.4M outflow from Ethereum
2. Largest Price Swings: $XAI, $BTW
3. Top News: G7 Pre-Summit Pledge to "Principally Support Strategic Crude Oil Reserve Use"; Four Whales Open Large Short Positions Against Crude Oil Today
Benefit-Loaded Event | With over 500 sign-ups, how else can this Lobster Tug-of-War Extravaganza be spiced up?
Sign Up Now!
a16z’s Brutal Lesson to Crypto Founders: Why Enterprises Don’t Buy the Best Technology?
If your product is "obviously better" but still can't win, the gap lies not in performance, but in product-market fit.
The rivers and lakes are no more, Li Lin returns
We no longer need a larger exchange or more complex financial products; we hope to see more individuals like Li Lin in the industry, who can drive innovations that truly open up boundaries for the industry.