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Thomson Reuters
Mar 07 - 07:24 AM
GBP/USD Set To Slipstream EUR/USD Through ECB Event Risk
First appeared on eFXplus on Mar 07 - 05:00 AM
  • Cable may play follow the EUR/USD leader on ECB/Draghi later nL5N20U1N5
  • EUR/USD rise could inflate GBP/USD thru 1.32/fall might tee up 1.3097 test
  • Cable has been sub-1.32 for nearly 72 hours. 1.3097 = Tuesday's one-week low
  • 1.3152-1.3185 = Thursday's range-to-date. 1.3124-1.3181 = Wednesday's range
  • Tenreyro: BoE rate cut more likely than hike if no-deal Brexit nL9N20200X
  • On Wednesday, hawk Saunders said he sees no rush for BoE hike nL5N20T602

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