Barclays: Moderate USD selling pressure by late June, weak EUR rebound momentum

Barclays: Moderate USD selling pressure by late June, weak EUR rebound momentum

Title: Barclays: Moderate USD Selling Pressure by Late June, Weak EUR Rebound Momentum

Barclays is facing significant selling pressure on the USD by late June, with analysts noting a potential downturn in the currency's value. This comes amidst broader economic trends and the bank's recent policy changes, particularly its ban on crypto transactions using Barclaycard. Meanwhile, the EUR is experiencing weak rebound momentum, indicating a lackluster recovery in the currency's value.

Barclays' Crypto Ban
Barclays has announced a ban on crypto purchases using Barclaycard, effective June 27 [1]. This policy shift, despite the bank's American counterpart's significant exposure to Bitcoin through ETFs, is attributed to the "certain risks" associated with cryptocurrency volatility. The bank emphasized that it does not provide protection for crypto transactions and directed clients to the Financial Conduct Authority's website for more information.

Market Reactions
The crypto community and analysts reacted with surprise to Barclays' decision, highlighting the irony given the bank's US arm's significant Bitcoin exposure. While the FCA has proposed changes to allow individual consumers to buy crypto exchange-traded notes (cETNs), retail investors remain restricted from derivatives, underscoring the inherent risks of crypto investments.

Barclays' Stock Performance
Despite the policy changes, Barclays' stock has been the subject of analyst reports. BNP Paribas upgraded Barclays to an "outperform" rating, while Wall Street Zen downgraded it to a "hold" rating [2]. The stock has shown moderate growth, with several hedge funds and institutional investors increasing their stakes in the company. As of the latest filings, hedge funds and other institutional investors own approximately 3.39% of Barclays' stock.

Currency Trends
Analysts predict moderate USD selling pressure by late June, driven by economic factors and Barclays' policy changes. The EUR, on the other hand, is experiencing weak rebound momentum, suggesting a lackluster recovery in the currency's value. These trends are likely to influence Barclays' financial performance and overall market sentiment.

Conclusion
Barclays' recent policy changes and the broader economic trends are shaping the bank's financial landscape. The USD selling pressure and weak EUR rebound momentum present both challenges and opportunities for the company and its investors. As the bank navigates these changes, it will be crucial to monitor the impact on its financial performance and market position.

References
[1] https://blockzeit.com/barclays-updates-policy-with-ban-on-crypto-transactions/
[2] https://www.marketbeat.com/instant-alerts/filing-truemark-investments-llc-invests-702000-in-barclays-plc-nysebcs-2025-06-23/