ShyamalFx

EG looks bullish targeting higher

Long
ShyamalFx Updated   
FX:EURGBP   Euro / British Pound

Upcoming Events

+Sept 14 GBP rate decision
+Sept 24 German Elections
+Oct 30 ECB minutes and rate decision

EUR vs GBP

EUR rate 0 GBP rate 0.25 Carry Trade favours GBP

German election is from EUR zone. Probably EURO could get more favoured
BOE hike unlikely

So EUR favours fundamentally I think despite carry trade
Comment:
GBP inflation news ahead Expect more inflation.. GBP could get strenthen.. Risky to keep longs at this level
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