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Big Trade New EUR/GBP Orders 09.23.2015 +60
10/15 Update -- BK -- Close EUR/GBP at 0.7370 for +30 per lot or +60 on trade
10/13 Update -- EUR/GBP Second Entry TRIGGERED, Average Price now 0.7400
EUR/GBP First Entry at 0.7310 TRIGGERED
Big Trade New EUR/GBP Orders
Place Order to Sell 1 Lot EUR/GBP at 0.7310
Place Order to Sell 1 More Lot at 0.7490
Stop for ALL at 0.7630
We are reloading our EUR/GBP orders. The latest EZ PMI numbers came in slightly lower than expectations and while they still remained above the 50 boom/bust line, between the PMIs, lower oil prices and a stronger euro (compared to June), ECB President Draghi has every reason to join the chorus of European policymakers talking about the option of more QE. In contrast, sterling has fallen hard for very little reason and we believe the move is overdone especially given the hawkish rhetoric of UK policymakers.