EURGBP Long
Germany and France are clearly leading the way in terms of dealing with Coronavirus.
With French pharmaceutical firm Sanofi being a one of the many key contenders in the rat race to find a vaccination, and Germany having low mortality rates of 4.6% (ROW of 6.5% & UK 14.2%), the EU is certainly doing a better role in containing & mitigating spread.
In addition, with the UK government selling negative-yield treasury bonds, this will have a bearish impact on the sterling, making the currency depreciate against the Euro.
All assumptions and opinions- would be good to hear both your technical and fundamental analysis on these assumptions made :)
Cheers
With French pharmaceutical firm Sanofi being a one of the many key contenders in the rat race to find a vaccination, and Germany having low mortality rates of 4.6% (ROW of 6.5% & UK 14.2%), the EU is certainly doing a better role in containing & mitigating spread.
In addition, with the UK government selling negative-yield treasury bonds, this will have a bearish impact on the sterling, making the currency depreciate against the Euro.
All assumptions and opinions- would be good to hear both your technical and fundamental analysis on these assumptions made :)
Cheers
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