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

What Is OpenClaw? How The AI Agent Could Automate Crypto Trading Through APIs
OpenClaw is a rapidly growing AI agent on GitHub that can automate tasks and even execute crypto trades through exchange APIs. Learn how OpenClaw works, how it connects to exchanges, and the risks traders should understand before using AI trading agents.

Morning News | Tencent is building an AI intelligent entity for WeChat; Meta announces acquisition of Moltbook; Nvidia plans to launch the AI agent open-source platform NemoClaw
Overview of Important Market Events on March 10

NVIDIA's Jensen Huang's new article: The "Five-Layer Cake" of AI
NVIDIA breaks down AI into a five-layer system consisting of energy, chips, infrastructure, models, and applications, and points out that every successful AI application will pull the entire industrial chain from computing power to electricity downward.

In-depth Analysis of ERC-8183: The Answer to the Trust Issue of Ethereum-Powered AI Agents
In the world of agents, one cannot conquer the world solely with reputation.

Stock Tokenization Revolution: Market Dynamics, Product Architecture, and Regulatory Moat Panorama Report
The integration of the $150 trillion global stock market with blockchain infrastructure is no longer just a proposition—it is happening.

The current Lobster Skill is just yesterday's Fruit Ninja, only meant to get you acquainted.
How Will Lobster Make Its Way into Our Lives?

Key Market Intelligence on March 10th, how much did you miss out on?
1. On-chain Funds: $51.2M USD inflow to Hyperliquid today; $51.2M USD outflow from Arbitrum
2. Biggest Gainers and Losers: $DRV, $OM
3. Top News: Middle East Conflict Sparks Stagflation Trading, Global Stock Markets Shed About $6 Trillion USD

IOSG: From Interest-Bearing Stablecoins to Crypto Credit Products
Bear Market Favors Stablecoin Yield Farming, Rise of Real World Asset (RWA) Lending with Interest-Bearing Stablecoins.

NVIDIA CEO Jensen Huang's Latest Article: The "Five Layers of AI"
NVIDIA breaks down AI into a five-level hierarchy of Energy, Silicon, Infrastructure, Models, and Applications, and points out that every successful AI application will pull through the entire stack from computation to power in the industry chain.

Daily Observation of Cryptocurrency Concept Stocks: Nasdaq Bets on Stocks on the Blockchain, Strategy Buys Another 17,994 BTC, ETH Treasury Stocks Enter Production Period
Traditional exchanges are beginning to embrace stock tokenization, while BTC treasury companies continue to increase their holdings through capital market instruments. ETH treasury companies, beyond Bitcoin, are also starting to validate the "holding + earning interest" balance sheet logic.

One-click onboarding to RootData, allowing project information to be accurately presented on over 200 platforms including Binance Wallet, Gate, TP, and more
Exchanging disclosure for trust, transparency is no longer a cost of the project, but a core asset for long-termists.

To the Builders who are still persevering in the crypto industry
Kydo deeply reflects on the dilemmas of the cryptocurrency industry: bidding farewell to the false prosperity of "selling infrastructure to developers" and proposing a new paradigm of using programmable capital to provide growth fuel for AI Agent companies.

Oil Price Cools Off, Crypto Bounces Back
Why Oil and Bitcoin Prices Always Move in Opposite Directions

a16z Releases Top 100 AI Applications List, Models Are Moving Out of the Browser and App
With the rise of video creation, Agent tools, and AI browsers, AI is evolving from a chat product into a new platform and operating environment.

If you only follow the news, you may have misconstrued this Iran conflict
With a Narrative-Driven Agenda, Western Media Falsifies War Coverage

ERC-8183: Write a Rule for a $3M On-Chain Agent Business
Before running in the Wild West of three million dollars, today, the rules have been written

AI Mistakenly 'Tips' $260,000, Makes It All Back in 24 Hours
AI Awakening seems to be really happening: they have already started to learn how to earn money on their own, and their money-earning ability may even surpass that of humans.

Arthur Hayes: Why is HYPE a 5x Moonshot?
Arthur Hayes' price target for HYPE in August 2026 is $150.
What Is OpenClaw? How The AI Agent Could Automate Crypto Trading Through APIs
OpenClaw is a rapidly growing AI agent on GitHub that can automate tasks and even execute crypto trades through exchange APIs. Learn how OpenClaw works, how it connects to exchanges, and the risks traders should understand before using AI trading agents.
Morning News | Tencent is building an AI intelligent entity for WeChat; Meta announces acquisition of Moltbook; Nvidia plans to launch the AI agent open-source platform NemoClaw
Overview of Important Market Events on March 10
NVIDIA's Jensen Huang's new article: The "Five-Layer Cake" of AI
NVIDIA breaks down AI into a five-layer system consisting of energy, chips, infrastructure, models, and applications, and points out that every successful AI application will pull the entire industrial chain from computing power to electricity downward.
In-depth Analysis of ERC-8183: The Answer to the Trust Issue of Ethereum-Powered AI Agents
In the world of agents, one cannot conquer the world solely with reputation.
Stock Tokenization Revolution: Market Dynamics, Product Architecture, and Regulatory Moat Panorama Report
The integration of the $150 trillion global stock market with blockchain infrastructure is no longer just a proposition—it is happening.
The current Lobster Skill is just yesterday's Fruit Ninja, only meant to get you acquainted.
How Will Lobster Make Its Way into Our Lives?