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Thomson Reuters
Jun 03 - 02:36 AM
GBP/USD - Gently Bid On EUR/GBP Flows, Trend Still Lower
First appeared on eFXplus on Jun 02 - 10:05 PM
  • Cable is gently bid in Asia, up 0.15%, with EUR/GBP -0.1% leading
  • Potential German political uncertainty as SPD leader resigns nL8N239081
  • EUR/GBP flows dominated early - knee jerk reaction to the German news
  • Soft UK manufacturing growth as EU customers stay away nL4N2373U8
  • GBP/USD daily momentum studies base, 5, 10 & 21 daily and weekly MAs fall
  • Earlier 1.2630 low and 1.259 10 DMA are initial support/resistance

gbp2 jun 3 Click here

Source:
Thomson Reuters IFR Markets

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