EURGBP maintains a bearish tone. The contract traded lower last week, extending the pullback from 0.8867, the Oct 12 high. The sell-off resulted in a break of support at 0.8649 and a move below the 50-day EMA at 0.8677. This signals scope for an extension lower and has opened 0.8559, a Fibonacci retracement level. Key short-term resistance has been defined at 0.8867 where a break is required to reinstate a bullish theme.
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Inside session range for Tsys after the bell, curves steeper with short end outperforming all day, Modest volumes (TYZ2<1.1M) going into the weekend (London out for Queen's funeral Mon), FOMC annc Wed (75bp hike widely expected), BoE Thu.