7 Apr 2015
Long EUR/GBP – Westpac
FXStreet (Barcelona) - The Research Team at Westpac, maintains a bullish bias on EUR/GBP, targeting 0.7400.
Key Quotes
“EUR/USD looks torn between ongoing ECB QE on the one hand and a relentless run of weaker US data on the other. EUR/USD may be in the early stages of settling into a wide 1.05-1.10 range, though we have a nagging feeling it may well explore higher levels near term given the FOMC minutes this week are sure to expand on that meeting’s dovish tilt.”
“With the UK election now front of mind, GBP should continue to underperform. EUR/GBP should continue to probe towards 0.7400, and a break above that level looks likely.”
Key Quotes
“EUR/USD looks torn between ongoing ECB QE on the one hand and a relentless run of weaker US data on the other. EUR/USD may be in the early stages of settling into a wide 1.05-1.10 range, though we have a nagging feeling it may well explore higher levels near term given the FOMC minutes this week are sure to expand on that meeting’s dovish tilt.”
“With the UK election now front of mind, GBP should continue to underperform. EUR/GBP should continue to probe towards 0.7400, and a break above that level looks likely.”