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Lambert: Selling EURGBP on sterling strength
UK based trader Clive Lambert says that as it’s month end, we could see some “shenanigans” in the markets, so he doesn’t want to get too involved, but feels comfortable selling euro sterling and he's keen on sterling strength.
He plans to sell a rally to .8220-25 in euro sterling, and that this would then mean he’s well positioned for a short trade. He would then take it back to .8160, the recent low.
On Thursday, sterling rose against the euro for a fourth straight day on Thursday as weaker-than-forecast German inflation contrasted with Britain's solid recovery.
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