no deal brexit hurts both. And stupid trading occurs again with yen as save heaven. the yen is more senificant as euro gbp ....
Pound Slips to Lowest Since November Versus Euro on No-Deal Fear
The pound slipped to the lowest level against the euro in almost nine months amid growing concern that the U.K. could end up leaving the European Union with no agreement for future economic ties. Sterling dropped for the third day versus Europe’s common currency and weakened against most of its Group-of-10 peers. U.K. International Trade Secretary Liam Fox said over the weekend that the risk of a no-deal Brexit had increased to as much as 60 percent. Technical analysis here: Euro-Pound Charts Offer Something for Both Bulls and Bears The pound’s weakness versus the euro “is a clear sign that markets are starting to focus on the ... (full story)
- Posted: Aug 8, 2018 4:37am
- Submitted by:Category: Fundamental AnalysisComments: 33 / Views: 3,510