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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.