Currency pair
EUR/GBP
The relative news tone between the euro and the British pound, and the official readings of both currencies side by side, without combining them.
Relative news tone (24 h)
+0.05
Similar tone for EUR and GBP
Low confidence
Declared by the AI and not yet calibrated.
It is half the difference between the tone of EUR and that of GBP. Updated 2 hours ago
Pohuant publishes general, descriptive information. It is not investment advice or a recommendation to buy or sell any instrument. Trading in the markets involves a risk of loss.
Readings by factor
Where each official series stands against its own history. These are not forecasts.
Euro (EUR)
Relative strength
Performance against the other 7 currencies, 20 sessions (ECB rates)
-2.15 %
Percentile 3 of 5 years · Very low
-0.49 pp over 1 week · Data as of Oct 28, 2026
Performance against the other 7 currencies, 60 sessions (ECB rates)
-2.42 %
Percentile 6 of 5 years · Very low
-0.51 pp over 1 week · Data as of Oct 28, 2026
Macro
Macro momentum: official indicators against their trend (−1 to 1)
0.19 index
Percentile 89 of 5 years · High
+0.09 index over 1 week · Data as of Oct 21, 2026
CFTC positioning
Asset managers' net position in CME futures (% of open interest)
21.7 %
Percentile 1 of 3 years · Very low
-1.2 pp over 1 week · Data as of Oct 20, 2026
Leveraged funds' net position in CME futures (% of open interest)
-7.8 %
Percentile 1 of 3 years · Very low
-0.1 pp over 1 week · Data as of Oct 20, 2026
Rates and curves
Central bank policy rate
2.5 %
Percentile 59 of 5 years · Usual
+25 bp over 3 months · Data as of Oct 20, 2026
10-year bond
3.37 %
Percentile 97 of 5 years · Very high
-6.9 bp over 1 week · Data as of Oct 27, 2026
2-year bond
3.02 %
Percentile 91 of 5 years · Very high
-1.3 bp over 1 week · Data as of Oct 27, 2026
Valuation
Real effective exchange rate against its 10-year trend
3 %
Percentile 92 of 15 years · Very high
+0.6 pp over 1 month · Data as of Sep 30, 2026
British pound (GBP)
Relative strength
Performance against the other 7 currencies, 20 sessions (ECB rates)
0.12 %
Percentile 48 of 5 years · Usual
-1.08 pp over 1 week · Data as of Oct 28, 2026
Performance against the other 7 currencies, 60 sessions (ECB rates)
0.19 %
Percentile 46 of 5 years · Usual
-0.34 pp over 1 week · Data as of Oct 28, 2026
Macro
Macro momentum: official indicators against their trend (−1 to 1)
0.24 index
Percentile 58 of 5 years · Usual
+0.23 index over 1 week · Data as of Oct 24, 2026
CFTC positioning
Asset managers' net position in CME futures (% of open interest)
-53 %
Percentile 2 of 3 years · Very low
+1.3 pp over 1 week · Data as of Oct 20, 2026
Leveraged funds' net position in CME futures (% of open interest)
9.5 %
Percentile 25 of 3 years · Low
+5.6 pp over 1 week · Data as of Oct 20, 2026
Rates and curves
Central bank policy rate
3.75 %
Percentile 42 of 5 years · Usual
No measurable change · Data as of Oct 19, 2026
10-year bond
5.33 %
Percentile 98 of 5 years · Very high
-8.77 bp over 1 week · Data as of Oct 26, 2026
5-year bond
4.96 %
Percentile 99 of 5 years · Very high
-1.68 bp over 1 week · Data as of Oct 26, 2026
Valuation
Real effective exchange rate against its 10-year trend
6.9 %
Percentile 89 of 15 years · High
-0.9 pp over 1 month · Data as of Sep 30, 2026
Recent news
Headline and link to the original outlet, with our own summary and the tone for this page.
Bloomberg - Markets ·
ECB Expected to Keep Rates on HoldSubscription outlet: headline and link only.
- Euro: positive tone
investingLive (ex-ForexLive) ·
What are the main events for today?The ECB is expected to hold rates steady while keeping a data-dependent stance, with September inflation at 3.8% and markets pricing about a 64% chance of a December hike.
- Euro: positive tone
OilPrice.com ·
EU Scrambles to Contain Energy Price Crisis Ahead of WinterEU energy ministers are meeting to address a worsening energy price crisis before winter, after refinery closures pushed diesel prices to record highs and gas hit 100 euros per MWh.
- Euro: negative tone
WSJ - Markets Main ·
U.S. Treasury Yields Fall as Investors Digest Fed Meet, Focus Shifts to ECBSubscription outlet: headline and link only.
- Euro: positive tone
Le Monde EN - Economy ·
European Central Bank meets as France's deteriorating public finances continue to drive questionsThe ECB meets as France's worsening public finances raise questions; most expect rates to stay unchanged after two increases this year, with President Lagarde speaking in Bangkok on October 14, 2026.
- Euro: positive tone
Bloomberg - Economics ·
France Debt Crisis: How Does It Compare With Greece?Subscription outlet: headline and link only.
- Euro: negative tone
Bloomberg - Markets ·
Healey Defends UK Budget, Warns 'Tough Decisions' AheadSubscription outlet: headline and link only.
- British pound: negative tone
Bloomberg - Economics ·
ECB Set to Hold Rates to Assess France and Energy RisksSubscription outlet: headline and link only.
- Euro: positive tone
Meduza ·
Kremlin says U.S.-Russia-Ukraine peace talks will take place in Abu Dhabi after November 4, depending on battlefield conditionsThe Kremlin said trilateral talks among the US, Russia and Ukraine will be held in Abu Dhabi after November 4, with timing tied to battlefield conditions. Zelensky mentioned November 10 as a possible date.
- Euro: positive tone
Politico Europe ·
5 takeaways from Andy Burnham’s first budgetBritain's new prime minister Andy Burnham presented his first budget, described as a modest step, with 98 measures including energy bill relief and a 10 billion pound defense package for Ukraine.
- British pound: negative tone
OilPrice.com ·
Energy Crisis Shapes UK Budget as Chancellor Faces Pressure Over Defence SpendinEconomists expect John Healey's first budget to lack clear plans for raising defense spending, reforming taxes and cutting welfare, delaying major fiscal decisions.
- British pound: negative tone
WSJ - World News ·
U.K.’s Budget Ducks Hard Choices Amid Market Concerns Over DebtSubscription outlet: headline and link only.
- British pound: negative tone
FT - World ·
Bank of England able to take UK Budget in its stride despite slippage in deficit reductionSubscription outlet: headline and link only.
- British pound: negative tone
The Guardian - Business ·
Labour's 2026 budget in under three minutes – videoThe UK budget included a £100 council tax rebate for 20 million households, extended the electricity VAT cut to July, and scrapped planned fuel duty increases.
- British pound: negative tone
Bloomberg - Economics ·
UK Budget Does Little to Ease Pressure on BOE for Rate HikesSubscription outlet: headline and link only.
- British pound: positive tone
Bloomberg - Politics ·
Zelenskyy Expects US-Ukraine-Russia Talks as Early As Next WeekSubscription outlet: headline and link only.
- Euro: positive tone
Bloomberg - Politics ·
Healey Vows Defense Spending Boost to 3% of GBP by 2030Subscription outlet: headline and link only.
- British pound: negative tone
Meduza ·
Putin turns a half-hour call with European leaders into a 90-minute history lecture. Trump says a three-way summit could happen ‘very soon.’President Trump said a three-way summit with Putin and Zelensky could occur soon and expected significant progress, without giving a date or venue.
- Euro: positive tone
The Guardian - Business ·
OBR slashes UK growth forecast for 2027 despite Healey’s budget measuresThe UK's independent fiscal watchdog cut its 2027 growth and living standards forecasts, citing Middle East conflict fallout, as the chancellor announced a budget including £100 household payments.
- British pound: negative tone
Bloomberg - Politics ·
Highlights From Healey's UK Budget AnnouncementSubscription outlet: headline and link only.
- British pound: negative tone
Other pairs
Currency pair
EUR/USD
Euro · US dollar
-0.13
−10+1Negative tone · 76 stories
Currency pair
GBP/USD
British pound · US dollar
-0.18
−10+1Negative tone · 80 stories
Currency pair
EUR/JPY
Euro · Japanese yen
-0.21
−10+1Negative tone · 16 stories
Currency pair
EUR/CHF
Euro · Swiss franc
Not enough news in the last 24 hours.
Currency pair
EUR/CAD
Euro · Canadian dollar
-0.30
−10+1Negative tone · 26 stories
Currency pair
EUR/AUD
Euro · Australian dollar
-0.28
−10+1Negative tone · 17 stories
Currency pair
EUR/NZD
Euro · New Zealand dollar
-0.05
−10+1Neutral tone · 21 stories
Currency pair
GBP/JPY
British pound · Japanese yen
-0.26
−10+1Negative tone · 18 stories
Currency pair
GBP/CHF
British pound · Swiss franc
Not enough news in the last 24 hours.
Currency pair
GBP/CAD
British pound · Canadian dollar
-0.35
−10+1Negative tone · 28 stories
Currency pair
GBP/AUD
British pound · Australian dollar
-0.33
−10+1Negative tone · 19 stories
Currency pair
GBP/NZD
British pound · New Zealand dollar
-0.09
−10+1Negative tone · 23 stories