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Thomson Reuters
Mar 13 - 11:00 PM
GBP/USD - EUR/GBP Demand, As Late NY Move Reversed
First appeared on eFXplus on Mar 13 - 08:50 PM
  • Both GBP/USD and EUR/GBP have seen good GBP selling early in Asia
  • Profit taking into a big offshore move - a Brexit deal remains elusive
  • Brexit uncertainty has a negative impact on the UK house prices nU8N1E300A
  • Cross has almost recovered the late NY losses caused by ERG compromise hopes
  • Neutral momentum studies, 5, 10 & 21 DMAs slip on the cross - negative setup
  • Close above falling 0.8630 21 DMA needed to end the downside bias

eug mar 14 Click here

Source:
Thomson Reuters IFR Markets

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