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Dec 03 - 12:12 PM
EUR/GBP - Bids Expected Near Last Week's Six-Month Low
First appeared on eFXplus on Dec 03 - 09:50 AM
  • Bids may emerge near 0.8500 if EUR/GBP breaks below 0.8513-16

  • 0.8500 was 6-month low last Thursday. 0.8513-16 = treble-day low since then

  • There is a good size 0.8500 option expiry Wednesday, EUR 480mn strike

  • More bids likely at 0.8475 (GBP/EUR 1.18) if 0.8500 support level gives way

  • GBP has been a stand-out performer Tuesday after EUR had a happy Monday

  • See: nL1N28C0T9nL1N28D0AD. UK election next week nL1N28D08H

EURGBP: Click here

Source:
Refinitiv IFR Research/Market Commentary

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