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Apr 09 - 11:55 AM
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EUR/GBP - On 0.87 Handle After Lift From April Low
By Robert Howard — Apr 09 - 09:45 AM
• EUR/GBP has traded a nine pip range since the European open; 0.8703-0.8712
• 0.8712 is also the high water-mark since Wednesday's April low of 0.8688
• Drop to 0.8688 was spurred by global stock gains on Iran ceasefire news
• Pound is risk-sensitive; euro is safer-haven. Iran truce jeopardised
• 0.8713-0.8739 was Tuesday's range (0.8740 is April high)
• Three BoE MPC members are due to speak next week; Greene,
Bailey, Taylor
EURGBP
(Robert Howard is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters