The EUR/GBP pair has rallied during the course of the day on Thursday, and it looks as if we are going to continue to try to reach towards the 0.85
The EUR/GBP pair has rallied during the course of the day on Thursday, and it looks as if we are going to continue to try to reach towards the 0.85 handle. Both of these currencies are essentially soft in my opinion, so I don’t really have a whole lot of interest in trading this market. If we broke above the 0.85 level though, we could start to see a move higher. I have no interest in selling regardless, because I know that the British pound is essentially toxic at the moment due to the exit vote.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
