The EUR/GBP pair might rise in the medium term, according to the daily and weekly charts. The price is above EMA 200 on the daily chart, and the RSI oscillator is above 50. Moreover, the MACD on the daily and weekly charts likely remains positive in the medium-long term. The price is above EMA 50 on the weekly chart, also confirming an uptrend. For this week, a lot of relevant economic data are expected to affect the market.

The most important data of this week:

October 30
France GDP QoQ (+0.4% expectation); ( +0.2% previous)
YoY (+1.5% expectation); (+1.7% previous)
Germany Unemployment Change (-11K expectation); ( -23K previous)
Germany Unemployment Rate (+5.1% expectation); (+5.1% previous)
Italy GDP QoQ (+0.2% expectation); (+0.2% previous)
YoY (+1% expectation); (+1.2% previous)
Eurozone GDP QoQ (+0.3% expectation); (+0.4% previous)
YoY (+1.8% expectation); (+2.1% previous)
Germany CPI MoM (+0.1% expectation); ( +0.4% previous)
YoY (+2.4% expectation); (+2.3% previous)
October 31
Eurozone Unemployment Rate (+8.1% expectation); (+8.1% previous)
November 1
BOE rate decision (+0.75% expectation); (+0.75% previous
BOE inflation report