Credit Agricole: trade idea for EUR/GBP
Credit Agricole holds a short position on EUR/GBP from 0.7470, targeting 0.7150 and with a stop loss at 0.7620.
Economists see buying the British pound on dips as a good trading opportunity. According to the PMI figures released on Feb. 4, UK economic activity surged in January. As a result, capital expenditure and wages will likely increase.
Chart. Weekly EUR/GBP