Very interesting pair going forward. Obviously very volatile driven by news flow for now around Brexit negotiations. In my opinion we could we some further weakness in the pair over the coming months. However over the longer term I think this will turn out to be a great buying opportunity as the uncertainty moves away from GBP to the EUR. Countless elections and referendums around countries relationships and policies with the EU plus the economic headwinds facing Europe make the GBP a strong long term by in my opinion.
Will be looking to get involved with positions as and when opportunities present themselves. Will try to update the chart monthly.
Thanks for viewing.
Will be looking to get involved with positions as and when opportunities present themselves. Will try to update the chart monthly.
Thanks for viewing.
Comment:
didn't get down to the levels I thought it might. This was massively oversold at time of post. Will be looking for further opportunities.