Markets

Pound on the rise again with EURGBP leading the way, again

It's been a roller-coaster ride for the pound this morning 25 May 2016

Further to my previous post we've now seen EURGBP get another slap lower with European equity markets remaining firm and undermining the euro. The underlying demand for the pound at this time continues to play out and is providing excellent intra-day opportunity.

EURGBP has now taken out the strong support/demand at 0.7600 and posted 0.7583 with more support/demand nearby while GBPUSD has posted highs of 1.4695 with decent offers/res looming at 1.4700

Need I say more about the relationship between these two pairs and the need to keep an eye on both?

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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