EUR & GBP not strong in their own right

There is plenty of action in the is currency markets lately, mainly due to the recent weakness in the USD.

In turn, the GBP and EUR have strengthen against the US Dollar.

Whilst thinking that the EUR/USD has “no business” trading at 1.18, I decided to look at the EUR/GBP cross when I saw that it has idled within a 2 cent range for 2 months.

So it’s confirmed, the Euro and Sterling are not “strong” on their own merit.

They have indeed only risen due to USD weakness.

#usd #eur #gbp #currencies

30 July 2020
by Rob Zdravevski

a close up picture of a graph

Activate link to view larger image.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: