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Refinitiv
Jun 14 - 01:55 AM

GBP/USD - Capped By EUR/GBP Demand, As Reform UK Advance

By Andrew M Spencer  —  Jun 13 - 11:40 PM
  • Steady in a 1.2750/1.2760 range with moderate flow on D3, capped by EUR/GBP

  • EUR/GBP climbed 0.07% in a 0.8415-0.8421 range on D3 with heavy volume

  • Reform UK overtakes PM Sunak's Conservatives in YouGov opinion poll

  • The Conservative campaign has so far failed to close the gap to Labour

  • There is no tier-one UK data, US consumer sentiment leads event risk

  • Charts; daily momentum studies flat line - 21-day Bollinger bands contract

  • Net positive 5, 10 & 21-day moving averages provide a modest topside bias

  • Wednesday's 1.2732-1.2859 range is initial support and resistance

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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