With a positive Brexit deal now the GBP is seemingly following with tailwinds. EUR/GBP to tumble lower again especially ahead of the ECB Interest Rate meeting today. Don’t miss my free live BDSwiss webinar on this key event, you can watch me trade the monetary meeting and break down the markets in real-time.  As the rate will likely stay at a negative -0.5% we will pay close attention to Lagarde's narrative during the Central bank's press conference, which is believed to set the tone for the year.

fxsoriginal

The resistance area has stayed in place and technical also point to a further weakening in the markets. We have already entered our trade long ago but it is looking great now with a target at around 0.8000.

Risk Warning: CFDs are complex instruments and come with a high risk of losing your invested capital due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The content of this material and/or any information provided by BDSwiss Group should not be in any way construed, either explicitly or implicitly, directly or indirectly, as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument and it is not intended to provide a sufficient basis on which to make investment decisions, in any manner whatsoever. Any information, views or opinions presented in this material have been obtained or derived from sources believed by the BDSwiss Research Department to be reliable, but BDSwiss makes no representation as to their accuracy or completeness. BDSwiss Group accepts no liability for losses arising from the use of this data and information. The data and information contained herein are for background purposes only and do not purport to be full or complete.

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