Euro has been completely destroyed by GBP money market rates. As of now all expectations have been released and further hikes may be required. EURGBP has been trading in the same price for 3 weeks and is starting to turn the tide.
The market seems bottomed out.. as long as UK inflation data and employment data does not show hotter than expected data, then EUR might have a rebound trade here.
Give your opinion of EURGBP in the comments below. Thank you for your attention.
The market seems bottomed out.. as long as UK inflation data and employment data does not show hotter than expected data, then EUR might have a rebound trade here.
Give your opinion of EURGBP in the comments below. Thank you for your attention.