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