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.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
