Orbex

ORBEX: USDTRY Makes A Difference! EURGBP How Much More Down?

FX:USDTRY   U.S. Dollar / Turkish Lira
In today's #marketinsights video recording I analyse #EURGBP and #USDRY

#EURO and #POUND pressured from Stronger DOLLAR:
- Following Trump transcript release
- Partial deal with Japan
- Close US-Sino deal Trump comment
- ECB's Germans board member quitting

#EURO also pressured from:
- Spanish PPI
- US-EU tensions
- EU-UK tensions

#POUND also pressured from:
- BoJo's comment to leave whatever it takes

#TurksishLira supported by:
- Weaker oil
- Positive sentiment after IMF report

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice

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