EUR/GBP In The Danger Corridor

Assessing the direction from here.

EUR/GBP is currently in the ‘danger corridor’, trading in the mid-0.82s. Last December, the pair reached lows around 0.8225, the lowest level since April 2022. The 0.83-0.82 band has acted as a support area ever since the pair blew higher on the Brexit vote back in 2016. To see 0.8200 give way would be a significant sign.

Today we run through the argument for a move both higher and lower, with trade ideas to express a view.