Richard Franulovich, Strategist at Westpac, regards upticks in the European cross towards the 0.77/0.78 area as selling opportunities. Key Quotes “No change in the GBP view - Brexit risk is overdone and a strong bias to sell EUR/GBP into 0.77/0.78”. “UK polls are a poor guide to the national mood if polling for the last general election and Scottish independence are anything to go by”. “PM Cameron should emerge from EU membership renegotiations with a strong hand, helping tip the case in favour of continued membership”. “UK rates markets have gone too far, now leaning toward small odds of a base rate cut by year’s end (40%)”. For more information, read our latest forex news.