EUR/GBP risk reversals hit one-month low

EUR/GBP one-month risk reversals hit the one-month low of 0.225 after the UK and EU reached a deal on Brexit divorce terms on Friday.

Risk reversals

The retreat from the recent high of 0.425 to 0.225 indicates falling demand for the EUR calls.
So, the recovery in the EUR/GBP pair from the low of 0.8689 could be short-lived. As of writing, the pair is trading at 0.8790 and below the 200-day MA level of 0.8801.

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