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21 Apr 2015
EUR/GBP might remain in the 0.7150-0.7400 range – KBC
FXStreet (Barcelona) - The KBC Bank Research Team views that EUR/GBP might remain supported at 0.71/0.7150 in the short-term and is unlikely to break out of its range.
Key Quotes
“Of late EUR/GBP was captured in a sideways consolidation range in the 0.7150/0.7400 area. The negative impact of the election uncertainty on sterling eased of late.”
“EUR/GBP shifted into a wait-and-see modus. For now, we see no trigger to break this stalemate.”
“The uncertainty on the elections will probably prevent a sustained rebound of sterling, even in case of decent UK eco data. We see strong support in the mid 0.71/0.7150 area short-term.”
Key Quotes
“Of late EUR/GBP was captured in a sideways consolidation range in the 0.7150/0.7400 area. The negative impact of the election uncertainty on sterling eased of late.”
“EUR/GBP shifted into a wait-and-see modus. For now, we see no trigger to break this stalemate.”
“The uncertainty on the elections will probably prevent a sustained rebound of sterling, even in case of decent UK eco data. We see strong support in the mid 0.71/0.7150 area short-term.”