EUR/GBP bid but for how long? - TDS

FXStreet (Guatemala) - Mazen Issa, Senior FX Strategist at TD Securities explained that there may be a safer and clearer thematic bet on short EUR/GBP.

Key Quotes:

"There may be a safer and clearer thematic bet on short EUR/GBP now that the UK election uncertainty is behind us."

"While the EU referendum issue is a risk, the vote will not take place for at least a year (right now, the popular view is to maintain ties with the EU)."

"While EUR/GBP has moved significantly lower already, a strong macro backdrop that supports policy normalization by the Bank of England by early next year is a bet that still looks good for now."