Fundamentals: When it comes to the economical balance sheet, EURO is much stronger than the UK economy. Post-Brexit, the UK is heavily reliant on FDI to fund its balance sheet, which is at a deficit. Investors are looking for yield and the UK may not be able to deliver as strongly relative to the Euro. Euro has a lot of storage of money abroad, which can return conveniently to fund its current account deficit. This is not the case with the UK.
Techincals: The technical picture seems to be shaping up to support the fundamental picture. Daily Low interest in volume going down. Daily oversold market. Daily RSI at extremes Breaking out of a daily pennant Crack and Snap on May 11, 2023 Weekly uHd
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.