A solid advance by the major European (and in fact global) equity markets over the past 24 hours, building on the renewal of risk appetite over the past week as global equity markets have entered earnings season.
Moreover, this more recent positive tone has built on the intermediate-term bullish trends from late 2018 through Q1 2019, assisted by solid consolidation phases seen in March and more recently in early April.
This activity leaves risks for still further gains as markets continue to overcome resistance levels from last year (with US averages eyeing all-time highs).
A more recent negative tone for GBPUSD has assisted in pushing the UK benchmark equity average, the FTSE 100, higher.
Whilst an improvement in German economic data over the past week has allowed for a robust advance by the German flagship index, the DAX.
Full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/european-equity-markets-head-north/