Daily Alert – Thurs 12 Dec: EUR strength weakens GBP index – this is an opportunity to buy GBP

Mark NugentDaily Alert, Dec 2019

Daily Alert – Thurs 12 Dec: EUR strength weakens GBP index – this is an opportunity to buy GBP

Christine Lagarde’s first press conference as ECB President has caused the EUR to strengthen and hence the GBP to weaken. The EUR is already reversing (weakening) so for GBP bulls like me, this ECB-inspired short-term weakening of the GBP is an excellent opportunity to get into a GBP position just prior to the election exit poll tonight at 10pm UK-time (buying the dip in other words).

I’ll be on WhatsApp later just before 10pm to comment on the exit poll and to manage my GBPUSD long.

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