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Thomson Reuters
Apr 25 - 07:24 AM
GBP/USD - Drops To New 10-Week Low As USD Remains Currency King
First appeared on eFXplus on Apr 25 - 06:05 AM
  • Cable falls to fresh 10-week low of 1.2872 on further buying of the USD
  • Simultaneous EUR/USD drop to 1.1129 (new 22-month low)
  • Buying of 1.10 EUR put/USD call options has been noted nL1N227067
  • 1.2887 was Wednesday's cable low amid foreign demand for USTs nL1N22613W
  • GBP/USD bear targets include 1.2773 (Feb low) and 1.2409 (Jan low)
  • Meagre 16 pip range for EUR/GBP thus far today, 0.86375-0.86535

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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