EURGBP support helps cap cable

EURGBP support/demand into 0.7650 is proving to be stubborn 19 May 2016

I highlighted the area in my earlier post and said it could prove key to the next GBP move and GBPUSD has now fallen to 1.4628 from 1.14664 highs.

EURGBP back up to 0.7670 from testing 0.7650 so there's a few pips that's been had a by a few of you I hope.

GBP still underpinned though so the good two-way business will continue albeit with an upward bias at the moment.

EURUSD continues to trade tightly with bids and offers holding the 1.1200-30 range almost to the pip.

Best in 2026

Sponsored

General Risk Warning
investingLive Premium
Telegram Community
Gain Access