RBC Capital Markets: GBP/EUR may extend gains after reaching a one-year high

```htmlGolden Ten Data reported on July 9 that Daria Parkhomenko, an analyst at RBC Capital Markets, stated that as long as fiscal concerns in the UK do not resurface, the pound's attractive yield may cause it to rise further against the euro in the short term. She noted that EUR/GBP, as a carry trade (where investors borrow low-yielding currencies to invest in high-yielding ones), has performed quite well. "If fiscal issues are not a big problem in the short term and the market leans towards carry trades, you will definitely see EUR/GBP continue to fall." The key is, if Andy Burnham becomes UK Prime Minister, who he will choose as Chancellor of the Exchequer.```