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UK recovery appears to be losing steam

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Euro Highlights Sterling Euro - free fall with little respite UK recovery appears to be losing steam Sterling - Euro (GBPEUR) FX Technical Analysis Sterling Euro spent the most part of the month in a free fall with little respite. This fall has been a continuation of a move that began in December, when fresh stimulus fell short of market projections. A bearish downtrend has emerged, with the Sterling Euro exchange rate dropping by over 10 cents from the highs seen in December, briefly pushing

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