Our knowledge reveals merchants at the moment are at their most net-long EUR/GBP since Jul 13 when EUR/GBP traded close to 0.85.

Variety of merchants net-short has decreased by 46.46% from final week.

EUR/GBP: Retail dealer knowledge reveals 76.36% of merchants are net-long with the ratio of merchants lengthy to quick at 3.23 to 1. Our knowledge reveals merchants at the moment are at their most net-long EUR/GBP since Jul 13 when EUR/GBP traded close to 0.85. The variety of merchants net-long is 13.08% greater than yesterday and 82.42% greater from final week, whereas the variety of merchants net-short is 17.63% decrease than yesterday and 46.46% decrease from final week.

We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/GBP costs might proceed to fall.

Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger EUR/GBP-bearish contrarian buying and selling bias.