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Jun 01 - 09:48 PM

EUR/GBP - Dives And Could Go Deep

By Jeremy Boulton  —  Jun 01 - 04:30 AM
  • EUR/GBP always underpinned by month-end buying +2% May 26-29

  • Flows are one-off and so potentially set pair up for a fall

  • EUR/GBP down near 1% last 24 hours

  • EUR/GBP likely to be drawn towards daily cloud twist 0.8887-91

  • Specs are long EUR/USD short cable. Long EUR/GBP and vulnerable IMM/FX

  • This year GBP will be undermined by lack of tourism nL1N2DB0I1

  • Potentially magnetic cloud twist is 1.1290 GBP/EUR. EUR comment nL1N2DE08R




EUR/GBP Click here

Source:
Refinitiv IFR Research/Market Commentary

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