RBCCM sees an opportunity to increase euro / pound

Euro / pound today continued to feel under pressure, and after this time the bulls for several hours met with obstinate repulse near stg0.8810, steam once again turned lower, with the result that to date the single currency showed minima in the vicinity of the session stg0. 8757. However, according to currency strategists RBC Capital Markets, the potential for further growth is limited lbs. The bank acknowledged that, in general, the market reaction to news of the change in the forecast for the British rating agency S & P turned out to be fairly neutral, but believe that a large amount of auctions to sell government bonds in the next few months, not just provide market participants a reason to talk about the deteriorating fiscal position of the Misty Albion. Do foreign investors there are still enough reasons for concern about the attractiveness of British assets, and the view of strategists RBCCM, euro / pound is likely to show movement stg0.90 higher in the coming days before we see a strong consolidation of the British currency.