For the first time since mid August of this year, the EURGBP is showing a possible pullback as its batman like bulletproof armor bull-run may have taken too many straight shots in the chest to keep plugging away. Keep in mind this is only the third time this pair has climbed 800+pips in sub 60days over the last 3 years.
This pair has really benefited not so much from EURO strength, but moreso the Pounds masochistic desire to be sold into oblivion. The plague probably had more friends back in the day then the GBP currently does in its native country. The most likely scenario has been a Quinella of GBP weakness and seriously interested EURGBP longs.
However this trend …... Keep reading