EUR/GBP: 'A Tough Spot Trade ': How To Position? - CitisteemCreated with Sketch.

in #forex • 6 years ago

CitiFX Research discusses EUR/GBP outlook and trading strategy for the coming year.

"The BoE have not hit peak dovishness unlike the ECB where guidance may have to shift hawkish.

Tough spot trade: headline risk and may rumble on until it blows. We prefer options to participate in a potential move," Citi argues.

In line with this view, Citi Research recommends being long EUR/GBP via option: "a 12m 0.95/1.00 call spread could be attractive. “Sufficient progress” likely gives GBP a boost allowing a good entry point for this trade," Citi advises.

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Source: Citi Research

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6 years ago in #forex by
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