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Forex - EUR/GBP, GBP/USD Flows: soft UK retail sales complete the set


 09:35 (GMT) 17 Feb

  [Forex Flows]

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EUR/GBP, GBP/USD Flows: soft UK retail sales complete the set (0100-LMZG-C01)

UK retail sales complete a disappointing week as far as data is concerned, though it appears the market got much of its reaction in first. Cable back below 1.2440 puts next major support at 1.2345 into the frame again, while EUR/GBP appears to be back on the way to .86 and above. PB


Forex - EUR/USD, GBP/USD Flows: USD gives some back after IP data ... Cable still looks heavy though


 14:48 (GMT) 15 Feb

 [Forex Flows]

Industrial production took a little of the gloss of the preceding US data releases (though is quite positive in the underlying detail) and it doesn't look as though EUR/USD is on the fast track to test 1.0500 in its wake. Once again, however, it's Cable promising the better returns as the modest bounce holds well short of 1.2430/35 and keeps 1.2345 support in view as the next downside level to watch for. If EUR/USD closes back over 1.0550/55 it will again ask some difficult questions of long term shorts' commitment to a run to at least the January low at 1.0340, the debate over whether we see a run at parity up for debate after that. PB


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