The Euro continues to be weighed by concerns over Greece’s debt downgrade and the implications for the region’s financial system. The sterling hasn’t been a standout itself with the U.K.’s budget deficit reaching the highest levels since record keeping began in 1993, creating its own credit rating concerns. The concurrent bearish sentiment has left the ERU/GBP at a standstill and with it at significant support levels we could see a period of consolidation develop creating an environment for scalping strategies.
Read More EUR GBP Offers Scalping Opportunity as Europe and UK Credit Concerns Offset
