EURGBP | Bearish Insight

Macro Headwinds Alert

• Macroeconomic conditions (activity and inflation gauges) have improved substantially. However, this security often underperformed in this environment as inflation fears and interest rates begin to rise

• Economic Growth indicators for the UK economy <UK> near highs. Historically, this led to a median decrease in EURGBP future price of -2.53% over the following 6M

• United Kingdom Composite Markit New Orders PMI above 58.4