© Dukascopy Bank SA
"Charging non-resident property owners capital gains tax on sales of second homes in the UK would bring the UK into line with what happens on most of mainland Europe."
- Saffery Champness (based on Reuters)
Pair's Outlook
Pair showed the intention, but failed to return above the uptrend support. We do not expect it to happen in the nearest future either and think that the pair will trail to October low in the short to medium trend. Dip below it could provoke a sell off to 1.57. In case of an unexpected recovery the pair should show a solid close above the 1.6041/82 area to uplift most of the downside risk.
Traders' Sentiment
Bears continue to hold 66% of all open positions, the same as yesterday and the day before. Bearish side of pending orders decreased by 2% and is at 54%.
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