EURGBP | Bearish Insight
Macro Headwinds Alert
- Macroeconomic conditions (activity and inflation gauges) have improved substantially. However, this security often underperformed in this environment as inflation fears and interest rates begin to rise
- Economic Growth indicators for the UK economy <UK> near highs. Historically, this led to a median decrease in EURGBP future price of -2.53% over the following 6M
- United Kingdom Composite Markit New Orders PMI above 58.4
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