·2moDiscussion

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 · 9 points

2 Comments

LSu/liam_smith·2mo

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?

SAu/sarah55·2mo

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%.

Odds on EURGBP dropping below 0.8500 by week end?

2 Comments

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