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Feb 02 - 07:55 AM

EUR/GBP - Falls To New Nine-Month Low As Euro Drops Vs USD

By Rob Howard  —  Feb 02 - 05:36 AM
  • EUR/GBP falls to 0.8796 after EUR/USD breaks below 1.2050 nL1N2K80N8

  • 0.8796 is the lowest level for nine months (0.8805 was Monday's low)

  • UK's rapid rollout of COVID-19 vaccines is a key source of support for GBP

  • 9.3 million people in UK have received first dose of a vaccine nS8N2JO03B

  • Bids may emerge near 0.8772 (GBP/EUR 1.14) if EUR/GBP extends south

  • Net EUR long held by IMM specs dwarfs net GBP long nL1N2K70FDnL1N2K70H3

EURGBP Click here

Source:
Refinitiv IFR Research/Market Commentary

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