The pound rose against the euro after the UK showed signs of existing recession. strategists led by Hans-Guenter Redeker at BNP Paribas SA in London, said: “Sterling has seen a rebound on the back of the comments from Sentance, which were seen as on the hawkish side.”
I think GBP is gonna suffer against EUR. I am expecting price to retrace above 0.9000. Entry could be soon. If you have any economic info that backs this up, pls share. I’d be grateful.
Regs,
Jay
may be pound might be weak against few currencies but it is weak just a day or two… Pound will definitely gain momentum against major currencies and already dollar is under pressure when its pound… so may be all is well with pound