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Eur/Gbp 1 to 1?

Posted on December 18, 2008 at 12:42 in Uncategorized by Valeria Bednarik

While Euro seems to have no roof, Gbp remains weak all across the board, and with no signs of winning strength, as recession deeps more and more. Is the U.K being pushed to enter the Euro zone? are we close to see the pair 1 to 1? is tending to. Daily charts remain bullish and a run above 96.00 seems possible for the next days, but not as far as 97.00. Only under the zone around 0.9300 we could see the pair falling more clearly, but as I said, no signs of that at the moment. Take a look at this daily chart: despite indicators are way to over bough, they still remain pointing to the upside.

3 Responses to “Eur/Gbp 1 to 1?”

on 18 Dec 2008 at 11:48 pm1Bill

Hi Val,

Thanks for your previous feedback.

Re the EUR/GBP heading towards parity, with a Big 3 bailout announcement pending, can the USD expect to extend its recent gain on the GBP?

Thank you.

Regards,

Bill
on 19 Dec 2008 at 5:45 am2PN

Hi Val,

Thanks for that short review. What will be the status of GBP in the coming days in your opinion.

Thanks and Regards,
PN
on 22 Dec 2008 at 4:17 pm3Valeria Bednarik

Hi PN sorry for the delay, yet, I see GBP really bearish for the next days, of course these Holidays we have, could bring some awful and uncertain moves.
Regards
Val

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