Flash: EUR/GBP; a minor rebound - TDS

FXstreet.com (Guatemala) - With EUR/GBP on the rise, it is worth noting that the strategists at TD Securities said they expect further EURGBP gains to be capped in the low/mid 0.83 area.

“Strengthened ECB forward guidance—a bit too subtle for the FX market, perhaps—weighed on the EUR to a modest degree yesterday but the EUR remains resilient”.

“With UK industrial production data disappointing, rather than revealing the solid gain that was expected today, EUR/GBP may rebound modestly in the short-run”. (Note: mentioned before the bounce through 0.8300).