Buy GBP/USD On Political Dips if EUR/USD Above 1.15 says Societe Generale

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10 July 2018

Buy GBP/USD On Political Dips if EUR/USD Above 1.15 says Societe Generale

As long as EUR/USD stays above 1.15, Societe Generale prefers buying GBP/USD when it falls on political issues, it says. SocGen sees a strong and stable correlation between EUR/USD and GBP/USD. Both pairs trade lower on Tuesday, with EUR/USD down 0.4% at 1.1705 and GBP/USD down 0.2% at 1.3236 as the U.S. dollar rises broadly - via WSJ.

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