1
MFby u/marcus_fxUnited Kingdom·20dDiscussion

Odds on EURGBP dropping below 0.8500 by week end?

Given $EURGBP has already touched 0.85082 today, and the overall sentiment around the Euro seems to be softening a bit, I'd put the odds of it breaking below 0.8500 by Friday's close at around 40%. It feels like there's some underlying pressure, but not a full capitulation yet.

2 comments · 1 points

2 Comments

SAu/sarah55·20d

I think 40% is a bit low, given the recent trend. The ECB outlook isn't doing EUR any favors, and GBP has held up relatively well. I'd lean closer to 60%.

1
LSu/liam_smith·20d

That's an interesting take. I'm still learning, but do you think there's a specific catalyst that would push it over that 0.8500 line, or more just a gradual grind down?

1

More like this