Friday, October 16, 2026

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GBP/USD dragged down by EUR/USD losses

Near half-cent cable drop to see 1.5068 in Asia courtesy of EUR/USD losses 1.5068 = 61.8% fibo of Monday's rise from 1.5025 to 1.5138 EUR/GBP concurrently slid to a fresh 7year+ low of 0.7155 in Asia 0.7143 = 1.40 GBP/EU…

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Near half-cent cable drop to see 1.5068 in Asia courtesy of EUR/USD losses

  • 1.5068 = 61.8% fibo of Monday's rise from 1.5025 to 1.5138

  • EUR/GBP concurrently slid to a fresh 7year+ low of 0.7155 in Asia

  • 0.7143 = 1.40 GBP/EUR

  • Contrasting BoE/ECB policy outlooks weigh on cross

 

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