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Mar 29 - 09:48 AM
GBP: Sterling is Untradeable Here; EUR: Make Or Break At 1.1166 - SocGen
First appeared on eFXplus on Mar 29 - 08:30 AM

Societe Generale Research summarizes its views on GBP/USD and EUR/USD around current levels.

"Today sees a significant vote on a cut-down version of the withdrawal agreement in the UK, which surely no-one expects to pass. Uncertainty persists and the clock is running down. We’re going to vote in the EU elections. Sterling is untradeable," SocGen notes. 

"Quarter-end looms and we’ll be watching to see if EUR/USD can hold above 1.1166, the level at which this quarter’s range would tie with Q3 1996 for dullest ever… Meanwhile, stay long NOK, AUD, JPY and CHF against EUR and USD,"SocGen adds. 


Source:
Société Générale Research/Market Commentary

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