EUR/GBP inches lower, tests 200-day EMA as UK GDP tops forecasts

By: bitcoin ethereum news|2025/05/16 03:30:09

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

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

Ethereum 2029 Strawmap Guide: Ultra-Fast Consensus, Native Privacy, and the "Acceleration Variables" Brought by AI

Understanding Ethereum 2029 "Sketch": 7 Upgrades, 5 Major Goals, and a "Theseus's Ship" Style Reconstruction.

Altcoin ETF Surge: SOL and XRP Inflows Total $23 Million as Institutions Diversify

Key Takeaways Institutional interest in altcoin ETFs is expanding, with SOL and XRP showing significant inflows on March…

Vitalik Drops Ethereum Endgame Bombshell: ETH USD to $3,000?

Key Takeaways Vitalik Buterin introduces the “Sanctuary Tech” manifesto to address Ethereum’s non-financial limitations. A current lack of…

Exclusive: Yuliya Barabash Predicts the Most Regulated Could Be the Biggest Crypto Winners

Key Takeaways The aftermath of FTX and Celsius collapses has ushered a new regulatory era, reshaping the crypto…

iPhone Crypto Wallets Under Threat from State-Grade Malware

Key Takeaways: The Coruna exploit kit exploits 23 iOS vulnerabilities, threatening iPhone users’ crypto wallets. Initially state-level surveillance,…

Bitcoin Nears Two-Year ‘Make-or-Break’ Resistance: Future Implications

Key Takeaways Bitcoin’s price is approaching key resistance levels around $73,000, observed for the first time since early…

What Is Vibe Coding? How AI Is Changing Web3 & Crypto Development

What is vibe coding? Learn how AI coding tools are lowering the barrier to Web3 development and enabling anyone to build crypto applications.

The parent company of the New York Stock Exchange strategically invests in OKX: The intentions behind the $25 billion valuation

WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.