EUR/GBP: Swiss Bank Believes Downside Vulnerable, 0.7390 Risk
London, February 28. A Swiss bank opines that the case for a technical "topping process" in EUR/GBP is a compelling one, and is touting downside risk to 0.7390. EUR/GBP based at 0.7391 on January 28, after retreating from a high of 0.7614 (Jan 15). EUR/GBP scaled a euro lifetime peak of 0.7639 yesterday. Exotic option exposure is tipped at 0.7650.