The EUR/GBP is just sitting there! This is a 10 minute chart looking like a 1 hour chart. Ha! This market is seriously just waiting on US 3Q GDP release tomorrow morning. The market actually expects +3.2% with economists hoping for a much stronger reading. WOW! Talk about over optimistic. I actually expect a small decline. If there is growth, it will be small and, therefore, a disappointment to the markets. In this risk-dominated market environment, this will lead to a tumble is riskier assets and the EUR will weaken further against the GBP.
