Oct
29
GBP/USD, GBP/JPY Flows - GBP rally has been impressive
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Tagged Under : ECB rates ECB Forex Rates EUR/USD
Published at 14:34 (GMT) 29 Oct Just to add to my colleague's previous comment on GBP who noted demand from the Mid East and European bank names, the rally in GBP occurred near the 10:00edt option expiry, at which we had noted on Wed could see options at 1.6500 and 1.6550 expiring. The latter level having been breached just ahead of the cut is a bit suggestive that this factor could have also been at play. GBP/USD breached 1.6600 but stalled shy of 1.6610 resistance. On GBP/JPY, with risk
