Long EUR/GBP

16 Tem 2020

Taken a long position on the EUR/GBP leading into the ECB monetary policy meeting on the hope that it will be positive. Have put a tight stop but may re-enter again at a lower level. Stop has been placed at yesterdays high and a little consolidation area today. Pound seems to be coming under a bit of pressure despite decent enough jobs report. May be that people believe the furlough scheme is holding it up.