Derived Data That Drive Results
By Justin Mcqueen — May 12 - 04:35 AM
EUR/GBP backing off 200DMA (0.8739) should encourage shorts
BoE opened the door to a June hike following growth, inflation upgrades
Data will decide June hike and GBP's fortune, focus on May 16 jobs report
U.S. debt limit jitters is a worry for EUR/GBP shorts, Biden meeting delayed
Close above 200DMA would likely negate downside risks in the cross
Near-term support: 0.8662 (Post-BoE low), 0.8600 (psychological)
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Source:
Refinitiv IFR Research/Market Commentary
