On Friday I posted up Morgan Stanley's trade recommendation for the euro sterling pair

Here is the link iCYMI (and want to get in at a discount!)

This now via Nordea, just to confuse matter

have entered a "high conviction" long trade on EUR/GBP trade

  • entered today

Have not provided levels, but some notes:

  • downside risks to both UK inflation & retail sales
  • suggest that the short-term consensus is too optimistic on GBP

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Chart update (hourly candles)