What to Trade Following SNB Shock: EUR/GBP to Fall Further to 0.70
- Written by: Rob Samson
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Following on from the shock-and-awe metted down by the Swiss National Bank (SNB) we ask - what direction will currencies now take?
Helping us are IG and BMO's Stephen Gallo who says go long on USD/CFH.
But his key call is a short on euro sterling that should fall to 0.74 in the nearer term and 0.70 on a longer-term basis.