Home EUR/GBP: Still Sees Risk To The Upside Cioming Weeks; Dips A Buy To Hedge – Danske
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EUR/GBP: Still Sees Risk To The Upside Cioming Weeks; Dips A Buy To Hedge – Danske

The “Brexit currency pair” has been wobbling and looking for a new direction. There may be a direction to watch in the next weeks:

Here is their view, courtesy of eFXdata:

Danske Research discusses EUR/GBP outlook and  advises its corporate clients should take advantage of the recent decline in EUR/GBP and high implied volatility.

“The informal EU Summit continues today and we expect EUR/GBP to remain volatile and sensitive to Brexit news. We generally see risks skewed to the upside for EUR/GBP in coming weeks ahead of the annual conservative party congress, which starts on 30 September.

Hence, corporate clients should take advantage of the recent decline in EUR/GBP and high implied volatility when hedging GBP income. See Corporate Hedger – use GPB recovery and high volatility to hedge GBP income, 14 September,” Danske argues.

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.