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Mar 28 - 08:55 AM

EUR/GBP - Rate Spreads Less Supportive, 55DMA Under Pressure

By Justin Mcqueen  —  Mar 28 - 06:45 AM
  • EUR/GBP -0.15%, 55DMA (0.8552) support holds for now

  • Further support below at 0.8530 (pre-BoE level)

  • A break below would negate the Mar 21 bullish key day reversal

  • Likely paves the way for a retest of the 0.85 handle

  • EU/UK 10yr yield spread less supportive of EUR/GBP. Now -165bps from -154bps

  • Potential false break of 200DMA in GBP/USD is a worry for EUR/GBP bulls

  • BoE's Haskel remains hawkish. However, actions speak louder

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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