CCY Corner - EURGBP XRate & DXY

The Euro's decline continues as the ECB reports on QE have already been confirmed with an expected boost with a total amount of USD1.2T or an equivalent of 60B Euros monthly until September 2016. This has been the driving force of the markets where the highlights of market moving events have been dominated by central bank moves. A list of CBs monetary policies entering the 2015 is seen as a follow through were efforts of central bank decisions to control EU deflation or tame global inflation played well. 

Prices in the foreign currency market have been driven by these fundamentals more than a real free-flowing market. As we have mentioned that these are exceptional times with the US Dollar taking the lead currency pair in value among all of its global counter currency pairs. 

With that said, the choice of the EURGBP Xrate for the start of the year have seen a gradual decline because of the market's critical price levels and tensions created from the ECB QE program. And much to these Central bank moves; China's market talk of a similar move from the SNB would eventually curve a niche to stay competitive in value and keeping in check with global trade against declining foreign currency value. Somehow CCY value would have to find an equilibrium levels until such time when the USD would have to adjust from its current strong value.

CCY Corner - EURGBP XRate