{"id":21475,"date":"2025-07-12T05:51:55","date_gmt":"2025-07-12T05:51:55","guid":{"rendered":"https:\/\/www.vtmarkets.com\/th\/uncategorized\/21475\/"},"modified":"2025-07-12T05:51:55","modified_gmt":"2025-07-12T05:51:55","slug":"mufg-%e0%b9%81%e0%b8%99%e0%b8%b0%e0%b8%99%e0%b8%b3%e0%b9%83%e0%b8%ab%e0%b9%89%e0%b8%8b%e0%b8%b7%e0%b9%89%e0%b8%ad-eur-gbp-%e0%b9%82%e0%b8%94%e0%b8%a2%e0%b8%ad%e0%b9%89%e0%b8%b2%e0%b8%87%e0%b8%96","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/th-asia\/live-updates\/21475\/","title":{"rendered":"MUFG \u0e41\u0e19\u0e30\u0e19\u0e33\u0e43\u0e2b\u0e49\u0e0b\u0e37\u0e49\u0e2d EUR\/GBP \u0e42\u0e14\u0e22\u0e2d\u0e49\u0e32\u0e07\u0e16\u0e36\u0e07\u0e04\u0e27\u0e32\u0e21\u0e40\u0e2a\u0e35\u0e48\u0e22\u0e07\u0e17\u0e35\u0e48\u0e40\u0e1e\u0e34\u0e48\u0e21\u0e02\u0e36\u0e49\u0e19\u0e2a\u0e33\u0e2b\u0e23\u0e31\u0e1a GBP \u0e17\u0e48\u0e32\u0e21\u0e01\u0e25\u0e32\u0e07\u0e04\u0e27\u0e32\u0e21\u0e01\u0e31\u0e07\u0e27\u0e25\u0e40\u0e01\u0e35\u0e48\u0e22\u0e27\u0e01\u0e31\u0e1a\u0e01\u0e32\u0e23\u0e40\u0e07\u0e34\u0e19\u0e2a\u0e32\u0e18\u0e32\u0e23\u0e13\u0e30"},"content":{"rendered":"MUFG Research suggests going long on EUR\/GBP in its Trade of the Week portfolio, targeting 0.8850 with a stop at 0.8350. The exchange rate is currently at 0.8650.\n\nMUFG expresses that GBP downside risks are growing, supported by recent price stability. EUR\/GBP has remained above the 0.8600 mark longer than any period since late 2023 or early 2024.\n\n<h3>Growing Concerns for GBP<\/h3>\nThe recent drop in GBP is due to worries about UK public finances, with possible tax increases in autumn that could impact business and household spending. This situation may lead to weak growth in the third quarter.\n\nMUFG expects the euro to gain ground against the pound in the short term. The position\u2014going long EUR\/GBP\u2014aims to catch further upward movement in the pair, specifically up to 0.8850. A stop has been placed at 0.8350, offering enough room to withstand natural price fluctuations without cutting the trade too early. The price sits at about 0.8650, placing the entry point near the market level. The suggestion is therefore ready for execution.\n\nMUFG&#8217;s rationale comes from increasing stress around the UK\u2019s financial outlook. Tax changes are being discussed, and investors are noticing. The sentiment around future growth appears strained. Higher taxes could lead households and businesses to spend less, which might affect recovery in the third quarter. This concern is based on current official hints and economic indicators trending lower.\n\nMartin at MUFG and his team also lean on price action as further justification. EUR\/GBP holding above 0.8600 for a longer stretch suggests the market is reassessing the balance between interest rate expectations and financial credibility. This kind of support for the pair hasn\u2019t been seen in a while.\n\n<h3>Short Term Positioning Strategy<\/h3>\nFor strategies involving short-term positioning, this isn&#8217;t a time to force reversals. The structure above 0.8600 is intact. The suggested risk management\u2014a wide stop below 0.8350\u2014implies they\u2019re allowing some breathing space in case of sudden volatility, especially with upcoming UK data releases likely to stir things. The Bank of England may be cautious on rates if political uncertainty and weak spending figures continue.\n\nCurrently, the data does not favor faded rallies in the pound. Instead, selling the pound is preferred rather than supporting it. Bearish tones are still present in recent UK reports and aren\u2019t offset by fresh optimism. Inflation cooling alone hasn\u2019t sparked confidence among investors.\n\nIn this context, short-term futures suggest more risk in sterling. Protective positioning remains attractive. Those active in options may find better pricing in calls if holding long EUR\/GBP. Even forwards are widening slightly, indicating pricing in some premium for euro strength ahead.\n\nGiven all of this, it\u2019s about accepting where the weight of information leads. Maintaining exposure in this direction for now appears well-supported.\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">\u0e2a\u0e23\u0e49\u0e32\u0e07\u0e1a\u0e31\u0e0d\u0e0a\u0e35 VT Markets \u0e02\u0e2d\u0e07\u0e04\u0e38\u0e13\u0e15\u0e2d\u0e19\u0e19\u0e35\u0e49<\/a> \u0e41\u0e25\u0e30 <a href=\"https:\/\/myaccount.vtmarkets.com\/login\">\u0e40\u0e23\u0e34\u0e48\u0e21\u0e01\u0e32\u0e23\u0e0b\u0e37\u0e49\u0e2d\u0e02\u0e32\u0e22<\/a> \u0e15\u0e2d\u0e19\u0e19\u0e35\u0e49.<\/b>\n<p>\n\n<p><strong>\u0e40\u0e23\u0e34\u0e48\u0e21\u0e0b\u0e37\u0e49\u0e2d\u0e02\u0e32\u0e22\u0e17\u0e31\u0e19\u0e17\u0e35 &#8211; \u0e04\u0e25\u0e34\u0e01<a href=\"https:\/\/www.vtmarkets.com\/th\/trade-now\/\">\u0e17\u0e35\u0e48\u0e19\u0e35\u0e48<\/a> \u0e40\u0e1e\u0e37\u0e48\u0e2d\u0e2a\u0e23\u0e49\u0e32\u0e07\u0e1a\u0e31\u0e0d\u0e0a\u0e35\u0e08\u0e23\u0e34\u0e07\u0e02\u0e2d\u0e07 VT Markets <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>MUFG \u0e41\u0e19\u0e30\u0e19\u0e33\u0e01\u0e32\u0e23\u0e25\u0e07\u0e17\u0e38\u0e19\u0e43\u0e19 EUR\/GBP \u0e42\u0e14\u0e22\u0e15\u0e31\u0e49\u0e07\u0e40\u0e1b\u0e49\u0e32\u0e17\u0e35\u0e48 0.8850 \u0e1e\u0e23\u0e49\u0e2d\u0e21\u0e08\u0e38\u0e14\u0e2b\u0e22\u0e38\u0e14\u0e17\u0e35\u0e48 0.8350 \u0e04\u0e32\u0e14\u0e01\u0e32\u0e23\u0e13\u0e4c\u0e04\u0e27\u0e32\u0e21\u0e40\u0e2a\u0e35\u0e48\u0e22\u0e07\u0e02\u0e2d\u0e07 GBP \u0e08\u0e30\u0e40\u0e1e\u0e34\u0e48\u0e21\u0e02\u0e36\u0e49\u0e19\u0e08\u0e32\u0e01\u0e2a\u0e16\u0e32\u0e19\u0e01\u0e32\u0e23\u0e13\u0e4c\u0e01\u0e32\u0e23\u0e40\u0e07\u0e34\u0e19\u0e02\u0e2d\u0e07\u0e2a\u0e2b\u0e23\u0e32\u0e0a\u0e2d\u0e32\u0e13\u0e32\u0e08\u0e31\u0e01\u0e23\u0e17\u0e35\u0e48\u0e02\u0e31\u0e14\u0e41\u0e22\u0e49\u0e07!<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-21475","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts\/21475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/comments?post=21475"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts\/21475\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/media?parent=21475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/categories?post=21475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/tags?post=21475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}