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Pound pressure still after weaker headline production data

The pound is coming under pressure again 11 May 2016

The softer headline production data out earlier, albeit with better revisions, has tipped the scales again in these tight ranges.

Support/demand at 1.4400 now breached as EURGBP holds above 0.7900. Cable support now into 1.4375 and offers on EURGBP at 0.7910 and larger into 0.7930.

All very scrappy though but good two-way jobbing opportunity still with a weaker bias.

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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