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Thomson Reuters
May 24 - 06:12 AM
EUR/GBP - Bulls Hope 0.8840 Finally Breaks After May Speaks
First appeared on eFXplus on May 24 - 04:00 AM
  • Cross met fresh headwind pre-0.8840 after following EUR/USD up early Europe
  • Offers just shy of 0.8840 (Feb 14 high) also capped gains Wednesday-Thursday
  • 0.8838 and 0.8837 were Thursday's highs, with 0.8790 marking the interim low
  • EUR/GBP bulls hope expected May exit news prompts fresh selling of the pound
  • See: nL5N2300L0. EUR/GBP has risen for a record-breaking 14 days in a row
  • 0.8850 = 1.13 GBP/EUR. 0.90 and 0.91 among bull targets beyond

EURGBP: Click here

Source:
Thomson Reuters IFR Markets

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