TDMarkets

Buy EUR/GBP

Buy EUR/GBP

On March 14, 2017, Posted by , In Uncategorized, By , , With No Comments

Currency investors should consider buying EUR/GBP this week, 

The rationale behind this call is mainly revolving around the downside risks on GBP from the current calls for another referendum about Scottish independence ahead of the Scottish National Party conference starting this Friday.

“GBP option market pricing seems to be baking in a very low probability of such a risk event happening in coming years, irrespective of the finer details,”

As a technical-based trade idea, is looking to buy EUR/GBP on a dip into 0.8650, targeting a move to 0.8850, with a stop at 0.8545.

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