EUR/GBP ALERT: Approaching Seven Year High as Pound Slumps
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- EUR/GBP surge brings into focus levels last seen in 2009; click here for chart.
Alert: HALISTER1- EUR/GBP rose as much as 6.5% to 0.9415
- Now up 1.2% at 0.8944 vs 0.8830-0.9415 range
- Resistance: 0.9487, March 2009 high; 0.9520, Jan. 2009 high; 0.9803, Dec. 2008 high
- Pound’s flash crash blamed on algos, barriers breaking; read story here
- NOTE: Mark Cranfield is an FX strategist who writes for First Word. The observations he makes are his own and are not intended as investment advice.
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283