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Thomson Reuters
Oct 25 - 08:36 AM
GBP/USD Set To Track EUR/USD Through Draghi Briefing
First appeared on eFXplus on Oct 25 - 06:45 AM
  • Cable likely to take price action cue from EUR/USD through Draghi briefing
  • See: nL8N1X44VJ. Draghi briefing starts at 1230GMT
  • Probability of GBP/USD drop to/thru 1.2867 will increase if EUR/USD slides
  • 1.2867 was Wednesday's seven-week low. 1.2919 = subsequent high
  • 0.8832 = low water-mark for EUR/GBP since it threatened 0.8857 in Asia
  • 0.8857 was Monday's peak (highest level for the cross since Oct 4)

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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