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Thomson Reuters
Nov 08 - 07:24 AM
EUR/GBP - Respects May's Low, GBP/EUR Big Figure Close By
First appeared on eFXplus on Nov 08 - 05:00 AM
  • EUR/GBP elicited support at 0.8698 after probing below 0.8703 (Asia low)
  • 0.8698 = May's low/two pips shy of a level which equates to GBP/EUR 1.15
  • Corporate orders are regularly parked near big figure levels in GBP/EUR
  • 2.7 pct EUR/GBP drop from Oct 30 high has been fuelled by Brexit deal hope
  • Cross could extend south if a deal is agreed/rally sharply if hope dashed
  • Guardian-UK cabinet meeting delayed to weekend/early next week nL4N1XI65S

EURGBP: Click here

Source:
Thomson Reuters IFR Markets

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