Pound under pressure (again) as Europe gets going

Pound under pressure (again) as Europe gets going

From forexlive.com

Early losses for GBP as European desks sink a few coffees On-going Brexit concerns/hype/blather not helping investors or traders to have any faith right now. Expect more of the same but we're still range-trading for the moment. Sell high, buy low. GBPUSD 1.4140 as EURGBP heads up to 0.7985 on equity-led euro demand. Orders on their way.

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Comment #1
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Apr 18, 2016 3:46am Apr 18, 2016 3:46am

Guest
| IP XX.XXX.209.196

Pressure is Brexit vs Grexit . EUR/GBP not has yet sustained its upside.

If Grexit weights then it will come to a downtrend.

Clear pass 0.8117/20 will regard EUR/GBP uptrend resumption.

Currently supported at 0.7924/30

Comment #2
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Apr 18, 2016 5:18am Apr 18, 2016 5:18am

barkie
| Joined Mar 2014 | Status: Member | 1647 Comments

Don't read the following link, it's not true, only Europe will suffer from a Brexit, the UK will dominate the negotiations after a Brexit.

http://www.theguardian.com/politics/2016/apr/17/brexit-uk-treasury-leave-eu-referendum

Comment #3
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Apr 18, 2016 5:31am Apr 18, 2016 5:31am

Stubborn
Joined Apr 2016 | Status: Dumbest Trader ever | 138 Comments

Where is the pressure on pound?
It is still moving in range . Down ,up,down,up.....
Events this week may certainly give proper direction to the movement of EU and GU.

When the going gets tough , the tough get going

Comment #4
Quote
Apr 18, 2016 6:01am Apr 18, 2016 6:01am

AussieForexM
| Joined Nov 2013 | Status: Member | 68 Comments

GBP/JPY ain't under no pressure... CLICK BAIT!!!!

Follow me at andrewfx2020 (dot) com

Comment #5
Quote
Apr 19, 2016 2:41am Apr 19, 2016 2:41am

michaelpelly
Joined Oct 2012 | Status: Member | 1992 Comments

I see a lot of downwards pressure - especially yesterday afternoon and today...:-)

Story Stats

Posted: Apr 18, 2016 3:03am
Submitted by:
Newsstand

Category: High Impact Breaking News

Comments: 5 / Views: 3,895