Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 13 - 02:36 PM

GBP/USD - Below Weekly Cloud Base, USD Haven Of Choice As Virus Fears Rise

By Paul Spirgel  —  Mar 13 - 01:00 PM
  • GBP/USD hit hard in NY afternoon -1.5% at 1.2365, NY range 1.2586-1.2358

  • USD broadly bid now safe haven of choice, UST yields higher, stox +3%

  • Glbl stimulus reduces funding angst; virus, Brexit fears favor USD longs

  • Sterling extends string of lower lows as virus, EU issues weigh nL1N2B60VY

  • Break below wkly cloud base at 1.2442 puts Oct 8 low 1.2196 in view

  • EUR/GBP +0.62% at 0.8958, Fri range 0.8961-0.8846; virus, EU trade talk uncertainties favor EUR longs

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!