Flash: EUR/GBP continuation of trend - BMO

FXstreet.com (London) - Stephen Gallo, European Head of FX strategy at BMO sees a continuation in the pair ahead of busier markets, but feels there is more to this than divergence.

Key Quotes:

"The move lower in EUR/GBP – also continuing a trend we witnessed last week – is an important point of interest".

"We intend to finalise and release a few thoughts on the EUR tomorrow when North America returns".

"For the time being, we suspect that the trend lower in the pair reflects something deeper and perhaps more profound than simple data divergence".