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Thomson Reuters
Oct 30 - 07:24 AM
GBP/USD - Month-End Flows Do Sterling No Favours Amid Brexit Angst
First appeared on eFXplus on Oct 30 - 05:40 AM
  • Month-end flows mooted as factor in GBP weakness vs USD and EUR Tuesday
  • Cable down half-a-cent to a 10-week low of 1.2756, EUR/GBP up to eye 0.8917
  • 0.8917 was Oct 3 top, before drop to 0.8723 (Oct 10 low) on Brexit deal hope
  • Brexit deal stalemate is weighing on GBP as EU exit clock ticks
  • Britain is due to leave the EU in less than five months (March 29)
  • 1.2800 (Monday's pre-UK budget low) is now a GBP/USD resistance level

EURGBP: Click here

Source:
Thomson Reuters IFR Markets

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