EUR/GBP continued to fall on Friday as traders run from the Euro in general. The Pound is also not very liked at the moment, so the down move in this pair
EUR/GBP continued to fall on Friday as traders run from the Euro in general. The Pound is also not very liked at the moment, so the down move in this pair is going to be much slower than you would see in other Euro or Pound related crosses. The 0.85 level looks like it will be visited soon, but to be honest – we would rather sell both of these currencies in other crosses until that level gets broken to the downside.
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.
