The euro has been doing quite well versus the pound, having appreciated from under 78 to the current level of 83. We do have PM Cameron scheduled to make a speech on Friday regarding the future of British participation in the EU. If the EU membership were put to a vote in Britain how would that vote go?
Markets appear to be moving at the whim of political statements. We would be inclined to be a seller of the EURGBP but are wary of the content and market reaction to the PM's Friday speech.
Any opinions, news, research, analyses, prices, or other information contained in this post are provided as general market commentary, and do not constitute investment advice from CashBackForex and/or CashBackForexUSA
Markets appear to be moving at the whim of political statements. We would be inclined to be a seller of the EURGBP but are wary of the content and market reaction to the PM's Friday speech.
Any opinions, news, research, analyses, prices, or other information contained in this post are provided as general market commentary, and do not constitute investment advice from CashBackForex and/or CashBackForexUSA