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Apr 08 - 09:55 PM

GBP/USD - Remains Heavy, As EUR/GBP Flows Dominate

By Andrew M Spencer  —  Apr 08 - 07:36 PM

  • -0.1%, closed flat, despite USD weakness, as EUR/GBP +0.4% unwinding capped

  • UK to classify travel destinations in May - Green, amber or red nL8N2M15C5

  • COVID-19 situation is so fluid - tough to create an efficient system

  • Northern Irish leaders try to quell worst violence in years nL1N2M10DZ

  • UK signed but now urgently needs to implement Brexit Irish border agreement

  • Charts; daily momentum studies crest, 5, 10 & 21 DMAs coil edge lower

  • 21 day Bollinger bands track south - net a modest bearish setup

  • Targets March 1.3671 low, break would target 1.3637, 76.4% 2021 rise

    For more click on FXBUZ


gbp apr 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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