EUR/GBP under significant Downside Pressure

14 thg 2, 2017

This move is very fundamental by nature and the technicals also support it.The downtrend continues and a break of the 200MA will bring in more sellers. The Euro is coming under pressure with a stronger US Dollar and political tail risk in Europe. While the Pound has been gaining strength as the hard Brexit seems a little softer. The British consumer still continues to spend and in turn is holding up an economy many thought would be doomed.