EUR/GBP had another back and forth session on Friday as traders continue to mull over the situation in Europe. The summit produced a reasonably accepted
EUR/GBP had another back and forth session on Friday as traders continue to mull over the situation in Europe. The summit produced a reasonably accepted solution, but not a final one. The lack of fiscal union with the Euro will still be a concern, and the UK is so attached to this area that the market is having a hard time differentiating between these two currencies. With this in mind, we think that the pair should continue to bounce around between the 0.85 and 0.8650 levels.
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.
