Note

EUR/GBP TO EDGE BACK TOWARDS THE 0.86 AREA IN THE WEEKS AHEAD – RABOBANK

Alan xi
· Views 44


Economists at Rabobank expect the economic headwinds facing Germany to rein in upside potential for the EUR/GBP pair.

Levels above 0.87 seen as selling opportunities 

While a weak UK Q3 GDP report could encourage GBP bears, in view of the headwinds facing the German economy, we see the potential for EUR/GBP to drop back below the 0.87 level in the weeks ahead.

We view levels above 0.87 as selling opportunities and expect EUR/GBP to edge back towards the 0.86 area in the weeks ahead.

 


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related