Markets

EURGBP demand helping to lift EURUSD and cap cable

The GBPUSD/EURGBP correlation is playing out yet again 17 Nov

EURGBP back up above 0.8600 after 0.8576 lows post-UK retails data and that's keeping a lid on GBPUSD

I said in my earlier assessment that GBP sellers were lurking and so its proved. EURGBP range-trading 0.8575-0.8625 playing out too as per that post.

In the wake of the US election EURGBP fell heavily from 0.9030 and that helped put a base under excessive GBPUSD losses. It's only reasonable to see the reverse playing out now.

Currently 1.2476 and 0.8605.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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