The volitility on this pair has increased and is likely to increase further. You can use 6 month LIBOR as a proxy for how the interbank system sees the BoE and ECB moving. Right now they see a decrease from the BoE and an increase from the ECB. That's the reason for the recent ECB/GBP appreciation
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea