Johanes

EURGBP Price Stability 0.8650-0.8950

Long
FX:EURGBP   Euro / British Pound
Before and after the BREXIT, the EUR and GBP are managed in compliance to the EMS Treaty (formerly called One Eurozone Economy with Dual Currency). As a result the pair is fluctuated interior a narrower target zone/ceiling. At current economic and financial stability, the EURGBP is underway to upward (EURUSD 1.1525-1.2525). However, the ending of Asset Purchase Program by the ECB may push the 0.8950 to align to upward in the future. Nonetheless, this pair relatively less feasible to trade by their narrow target zone (sideways/flat).
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