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Forex pairs in this Article » EUR/USD, EUR/GBP (Barcelona) - Anders Møller Lumholtz, Senior Analyst at Danske Bank notes that after the low inflation print on Friday the discussion whether the ECB will lower rates this week has gained momentum.

Key Quotes

“We would not be surprised to see such a move and continue to see downward pressure on both EUR/USD that fell below 1.35 on Friday and EUR/GBP the next couple of days.”

“Last Friday the so-called IMM data showed that investors added to long EUR positions and slashed short JPY positions. However, the market is still long USD/JPY and we believe that USD/JPY is still the favoured cross to use if positioning for a further sell-off in risk assets.”
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