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Jun 15 - 08:55 AM

EUR/GBP - Retreats From 2-Week High Before Johnson's EU Talks

By Rob Howard  —  Jun 15 - 07:45 AM
  • 0.8972 is low water-mark for EUR/GBP since its early Europe rise to 0.9023

  • 0.9023 = highest level since May 29, courtesy of risk aversion nL1N2DS090

  • Retreat precedes UK PM Johnson's video-conference with EU leaders (1230GMT+)

  • See: nL8N2DR0I4. The pound may react to the mood music following the talks

  • EUR/GBP support points under 0.8972 include 0.8948 (Friday's low) and 0.8929

  • 0.9053 (nine-week high on May 29) is a resistance level beyond 0.9023

EURGBP Click here

Source:
Refinitiv IFR Research/Market Commentary

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