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May 26 - 07:55 AM
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EUR/GBP - Range Respected With Downside Capped At Familiar Support
By The views — May 26 - 06:22 AM
• EUR/GBP downside capped again at 0.8600-15 - range lows holding firm
• Keeps the 2026 range (0.8600-0.8750) fully intact
• UK by-election (June 18) too far out to be a GBP driver right now
• Gilt yield pullback has given GBP a marginal bid vs EUR
• 0.8600 remains the line in the sand - until that breaks,
the range should be respected
EURGBP daily chart
Justin McQueen is a Reuters market analyst. (The views expressed
are his own).
((Email: ))
Source:
London Stock Exchange Group | Thomson Reuters