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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EURGBP
The UK labour market data-inspired bounce in EUR/GBP has been limited, with political uncertainty in France continuing to hamper the single currency and GBP weakness limited with UK wage growth still running at elevated levels.
- The rate last trades at 0.8455, after bulls failed to overcome 0.8470 in the wake of the data.
- A reminder that the pair closed below the 0.8500 mark for the first time since August ‘22 on Friday, with the aforementioned French political uncertainty providing further pressure on Monday.
- A break of yesterday’s low (0.8440) would expose the Aug 24 ’22 low (0.8408).
- We provided more colour on the recent weakness in EUR/GBP and broader EUR crosses on Monday.
Fig. 1: EUR/GBP
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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