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by u/milos_horvat·16hAnalysis

Cross-currency flows affecting $GBPUSD?

Considering the positive move in $GBPUSD today while USD is generally strong, are there any significant cross-currency flows (e.g., EURGBP) that could be contributing to Cable's resilience?

2 comments · 16 points

2 Comments

u/chris_clark·4h

It's a valid point. EURGBP weakness could certainly be contributing to GBPUSD's relative strength, especially if there's significant rebalancing happening. Might be worth looking at EURUSD too for context.

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u/jsuwannarat·4h

I'm not so sure. While cross-currency flows can play a role, I think the primary drivers for GBPUSD are still the direct fundamental and technical factors between the two currencies. Could be some short covering on the GBP side too.

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