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.
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