EURGBP: Further Downside Leg is Still Developing

EURGBP has been pounded (pun intended) as Brexit headlines poured out from UK Parliament last week. Expecting a further leg down. A bounce to the 0.8650 to 0.8700 range will give a decent risk reward trade.

Expecting a bounce for the pair this week if the 3rd Meaningful Vote on March 20th and data coming out from UK highlight uncertainty in British politic and the impact of Brexit on the economy.