Trade of the day: EUR/GBP

ECB rates remains unchanged at 1% sending the Euro back under 0.85 against the Pound. The fear of inflation and Trichet's previous declaration had led some to believe that the rate will be raised today but it wasn't.
As a result we have seen the Euro plummets against all major currencies this afternoon. However until next week Thursday and Bank of England announcement I see the EUR/GBP staying above 0.837.


Trade of the day:

EUR/GBP will be higher than 0.837 on the 09/02/11 (6 days). This trade offers a return of 20%.
This is valid for today and Tomorrow.