0 Djamel Brahimi Posted June 25, 2019 Author Share Posted June 25, 2019 Quote Link to comment Share on other sites More sharing options...
0 Guest Sam Bouman Posted June 25, 2019 Share Posted June 25, 2019 The EURGBP pair has been rising for roughly the last six weeks or so but seems to have stalled at the 0.8940-60 level, with the Euro making rapid gains the last month especially against the pound and US dollar (mainly due to GBP and USD weakness) it seems that the steam has run out slightly. As for whether it could turn around at this point is another question as we haven’t seen any fundamental news regarding the pound that would see it gain any strength. The main news we would be looking for in order to see some pound strength will have to be regarding Brexit and the possibility of a no deal. With it still being on the table it is still seen as a very high risk to investors and will no doubt stay that way until it is either taken off the table or there is something to guarantee the safety of the British economy. So as of now I wouldn’t be looking for this pair to turn around vastly, there may be some pull backs but no change of trend as of yet, it may be more prudent to look for Euro weakness against another currency that could gain some strength. Quote Link to comment Share on other sites More sharing options...
Question
Djamel Brahimi
Link to comment
Share on other sites
1 answer to this question
Recommended Posts
Join the conversation
You can post now and register later. To reply to this question, sign in or create a new account.