EUR/GBP 2016

After reaching the peak in 2008 and almost the parity with the euro, we have seen a big correction in the pair. It could have stopped in 2010 (relative minimum), or 2012, but it didn't. However, perhaps, this time, the rebound is the good one.

If we check a long-term chart (link here), we see that the EURGBP has been trading in an upward channel, and after last year's two lows we might be touching the low part of the channel. 2016 might be a bad year for the pound, which can help the pound mortgage owners who receive the salary in other currencies.