EUR crosses/GBP crosses/Trade Ideas

EUR/GBP: Bank trading idea

The traders over at Nomura Bank have had a very good run this year in EUR/GBP and they are trying their luck at it again, going short at .8050 with a stop-loss at .8170 and a target at .7800.

Their analysis and trade decision is heavily based on Gilt flows.

I’ve got the opposite position, being short cable and long EUR/USD, but I do find these guys normally very prescient so I’ll be watching for signs that they may be right and a downward turn is in motion.

  1. Sean! Finally found you…was wondering crikey where you been all this time over the last couple of months!! Thought that holiday was getting a bit too long to make sense…haha Good to see you and will be tuning in from now…

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