Today’s eco calendar in Europe is near empty, but the US one is more interesting. Initial claims are expected to have dropped following last week’s surprise sharp rise. The week under review is the post-Easter week, which might again lead to distorted results. Tentatively, we put the risks on the upside of expectations, while the […]
EUR/GBP Moves From Spicy To Hot Read More »
On Tuesday, the EUR/GBP drifted up and down in a tight sideways trading range in the 0.82 big boy ranges. The pair held within striking distance of the key 0.8222/10 support area but a real test didn’t occur. That said, it remains significant that also EUR/GBP failed to record any gains on yesterday’s risk rally.
The EUR/GBP Adds Some Spice Read More »
Towards the end of last year and early this year, the EUR/GBP cross rate joined the broader market repositioning out of the euro. Investors were well aware that the ECB will keep monetary policy extremely loose in the foreseeable future and will continue to provide ample liquidity. The poor eco outlook and the unresolved debt
A Down and Dirty Look at the EUR/GBP Read More »
