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22 May 2014
EUR/GBP potential downside ahead - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, expects the EUR/GBP to grind lower in the medium term.
Key Quotes
'The UK's retail sales data were exceptionally strong. The MPC Minutes show that the debate about timing of rate hikes has begun."
"GBP/USD remains at the top end of its range, but not outside it. Today we get some more detail on Q1 GDP, as well as public sector fiancé data. Out technical analysts have issued a chart alert as EUR/GBP has broken key support and they target the 0.7935/0.80 area."
Key Quotes
'The UK's retail sales data were exceptionally strong. The MPC Minutes show that the debate about timing of rate hikes has begun."
"GBP/USD remains at the top end of its range, but not outside it. Today we get some more detail on Q1 GDP, as well as public sector fiancé data. Out technical analysts have issued a chart alert as EUR/GBP has broken key support and they target the 0.7935/0.80 area."