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EUR/GBP: Channeling Policy

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In order to fully grasp the ‘sea change’ in relationship between the Euro and Great British Pound Sterling, it’s best to examine a 52 week chart. In that period, The Pound Sterling gained a solid 13.23% from the 15 October 2014 high of £0.80131 to 20 July 2015 low of £0.69529. The bulk of the gain occurred in the volatile November 2014 through March 2015 period. In that interval the Greek debt resolution was unraveling on the rise of Syriza, expanded ECB QE in March, and a surprise Swiss

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