The British Pound keeps losing its position against the US Dollar and the Japanese Yen as investors are turning risk-averse and looking for safe haven assets.
This morning FTSE 100 declined. Europe Stoxx 600 index lost 1%. EURUSD fell below the psychological point 1.30, thus making another low of 2011. EURJPY also reached its 10-week low.
The markets are waiting for the UK retail sales report.
According to the experts of , the EUR futures contract is being traded around 1.3050. Over the last few days it cannot come out of the 1.3050-1.3070 range. If the bulls manage to consolidate above 1.3050, the price may reach 1.3100.
The GBP futures contract is moving in the 1.5500-1.5550 range. Today the price has tested 1.5520 for a couple of times. If the price does finally consolidate below 1.5500, it may fall down to 1.5450.
