EUR/GBP has maintained its recovery after defending the 200-day moving average, with the technical backdrop now favouring more upside if key resistance levels give way, Société Générale's FX analysts note.
We have long argued that the rouble exchange rate (versus hard currencies such as the US dollar or euro) is a ‘technical fix’ or artificial exchange rate. This is because Russia's central bank itself and the Moscow exchange are sanctioned against trading in hard currencies.
In a pre-taped interview with Fox News’ “Sunday Morning Futures”, US President Donald Trump expressed his concerns about his ‘big, beautiful’ spending bill and unfair Japanese auto trade.