Listen to the latest market mood for the EUR/GBP pair.

Weak EUR, Strong GBP

The ECB is expected to give a negative twist to their rate meeting today, so the euro should be pressured heading into the meeting. The shutdowns in France and Germany on rising COVID-19 cases will also help weaken the euro.

The UK is still expected to find a trade deal with the EU, so expect dips in the GBP to be bought as long as these hopes remain.

This means that the EURGBP pair should find sellers this AM.

Trade Risks: The main risk to this trade is some negative Brexit news which will strengthen the EURGBP pair.

EURGBP

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High Risk Investment Warning: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to HYCM’s Risk Disclosure.

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