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Thomson Reuters
Mar 11 - 02:36 PM
GBP/USD - Is Having An Unexpectedly Happy Monday
First appeared on eFXplus on Mar 11 - 12:35 PM
  • GBP adds to gains through the London fix, with EUR/GBP dropping to 0.8560
  • 0.8560 = 116 pips below the European am high nL1N20Y05E
  • Cable up to 1.3112, 149 pips above the European am low nL1N20Y0GE
  • The pound's turnaround has been aided by waves of GBP short-covering
  • GBP will continue to react to the Brexit vibe, be that positive or negative
  • UK PM May scrambles to find a deal as Brexit crunch looms nL8N20Y161

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Thomson Reuters IFR Markets


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