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home / news releases / UEUR - EUR/GBP: Significant Downside Potential


UEUR - EUR/GBP: Significant Downside Potential

The EUR/GBP currency pair, which expresses the value of the euro in terms of the British pound sterling, has fallen recently, which follows the Bank of England's decision to hold its short-term rate steady at +0.75% in its January 30 meeting.

I predicted that the pair would decline in my last article covering EUR/GBP, which was published on January 19, 2020 (the vertical line in the chart below illustrates the first trading day subsequent to this article).

(Chart created by the author using TradingView. The same applies to all subsequent candlestick charts presented

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Stock Information

Company Name: Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E480
Stock Symbol: UEUR
Market: NYSE

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