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Thomson Reuters
Jun 05 - 12:12 PM
GBP/USD - Deja Vu Price Action For GBP/USD After Another UK PMI Beat
First appeared on eFXplus on Jun 05 - 10:00 AM
  • Offers near 1.34 capped cable after GBP rose on UK service PMI beat
  • See: nL5N1T71WI. Offers pre-1.34 also kept a lid on GBP/USD Monday
  • Retreat from 1.3391 post-UK service PMI high influenced by EUR/USD fall
  • EUR/USD fall spurred by rise in Italian bond yields
  • Ex-PM Monti says Italy still risks troika supervision nR1N1SG02I
  • EUR/GBP down to 0.8725 (six-day low) vs 0.8785 before UK service PMI

GBPUSD: Click here

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