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Jun 18 - 05:00 AM
EUR/USD - A Sick Pound Should Take EUR/USD Down Too
First appeared on eFXplus on Jun 18 - 03:00 AM
  • GBP weighed by rising fears of a no deal Brexit
  • EUR/GBP boosted towards 0.9000 (GBP/EUR 1.1100), last above in Jan
  • Heavy option (defendable barriers) and corp selling is very likely
  • No deal carries substantial risks for the euro and EZ too yet nothing priced
  • Should GBP continue to slide, weight on euro should intensify
  • 1.2500 GBP/USD barriers next trigger point. Only lower day Jan 3 flash crash

GBP charts Click here

Source:
Refinitiv IFR Research/Market Commentary

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