Analysts at MUFG Bank, closed their trade idea of long EUR/GBP pair. They point out the pound continues to defy bearish expectations. They warn that the Bank of England (BoE) meeting next week, could provide a fresh catalyst. Key Quotes: “The pound continues to perform better than expected in the near-term which has resulted in EUR/GBP falling back towards the 0.9000-level. Over the past week, EUR/GBP upside has been dampened by evidence of a stronger UK economic recovery while negative Brexit headlines have had little impact.” “Broad-based USD weakness and improving global investor risk sentiment have helped lift he pound as well. While the BoE’s upcoming policy meeting could provide a fresh catalyst for renewed GBP weakness if expectations for negative rates are reinforced, we judge that the risk reward is no as compelling for holding short GBP positions at the current juncture.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI consolidates above $40 as the Baker Hughes rig count data plateaus FX Street 3 years Analysts at MUFG Bank, closed their trade idea of long EUR/GBP pair. They point out the pound continues to defy bearish expectations. They warn that the Bank of England (BoE) meeting next week, could provide a fresh catalyst. Key Quotes: “The pound continues to perform better than expected in the near-term which has resulted in EUR/GBP falling back towards the 0.9000-level. Over the past week, EUR/GBP upside has been dampened by evidence of a stronger UK economic recovery while negative Brexit headlines have had little impact.” “Broad-based USD weakness and improving global investor risk sentiment have helped lift he pound… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
