CNBC – 17.04.14

We are calling the pound to trace back a little bit and then keep going up and our preference to buy GBP against the Euro. 80 points onside.

Calling Euro trading in range but believing it is overbought and that we like it lower. Has gone down 70 points after our call before retracing and trading in its range.

Main call was to sell EURGBP and we are still holding that long term view. Picked up a few points on Cable and EURUSD also trading in range. If you want to find out more about range trading please contact us denis.taranov@savitrading.com