Derived Data That Drive Results
By Justin Mcqueen — Jul 28 - 12:45 PM
Soft EZ data keeps Euro soft versus sterling, range 0.8550-0.8589
However, narrowing yield spreads should keep cross above 0.8500
BoE in focus, risks to the upside on a hawkish disappointment 0#BOEWATCH
26% chance of a 50bps hike leaves GBP at risk, should the BoE deliver 25bps
Bullish potential would be negated on a closing break below 0.8500
Near-term resistance situated at 0.8600-05 (55DMA)
COMMENT-BoE focus now a negative for sterling nL1N39B1WV
For more click on FXBUZ
EURGBP vs 2yr spreads Click here
Source:
Refinitiv IFR Research/Market Commentary
