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Thomson Reuters
Apr 08 - 12:12 AM
GBP/USD - Shade Firmer - EUR/GBP The Barometer For Brexit
First appeared on eFXplus on Apr 07 - 10:00 PM
  • +0.1% with EUR/GBP -0.1%; cross unchanged last week despite Brexit impasse
  • IMM showed GBP contracts little changed, but EUR shorts grew nL1N21N1HO
  • No deal Brexit seen as very unlikely, positioning not a major EUR/GBP issue
  • Press full of Brexit comments, but no real weekend progress nL8N21P0BR
  • 0.8460/70 2019 low and 38.2% of 2015/2016 rise is long term pivotal support
  • Friday's pre London 0.8557 low and NY 0.8636 high initial support/resistance

eug apr 8 Click here

Source:
Thomson Reuters IFR Markets

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