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.
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.
