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EUR/GBP looks to be reverting to the prior drivers of the...

  1. Calvo
    11,848 Posts.
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    13/05/11
    18:30
    Post #: 8398898
    EUR/GBP looks to be reverting to the prior drivers of the uptrend, i.e. the diverging rate paths of the ECB/BoE. Very strong German and French GDP data is exacerbating a bullish situation, while UK watchers are looking back at this week's soft trade and IP data and the sharp rise in home repossessions. EUR/GBP may be set to regain more lost
    ground and buying dips towards 87.50 is soemthing to be looked at.
    Price at posting: 0.0000 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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