On GBPEUR, the rate remains on a downtrend channel after a rebound from 1.110. The risk remains to the downside, although a counter-trend rally is possible as some support is noted at 1.110.
Overall, the key currency to note is the USD. Investors are waiting to see if the Fed will pursue its monetary plan. If not, those heavily long USD may unwind, causing other currencies to appreciate the Dollar. Who knows, this may even bring about a respite to the EM economic crises.

Jackson has over 10 years experience as a financial analyst. Previously a director of Stockcube Research as head of Investors Intelligence providing market timing advice and research to some of the world largest institutions and hedge funds.

Expertise: Global macroeconomic investment strategy, statistical backtesting, asset allocation, and cross-asset research.

Jackson has a PhD in Finance from Durham University.