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EUR/GBP firmer on day. Month end innit

By   || August 31, 2010 at 09:24 GMT
|| 2 comments || Add comment

EUR/GBP up at .8225 from early .8180.  Not really surprising given its the last day of the month and the usual anticipation of buying related to Uk payments to EU. 

  Just getting reports Middle Eastern sovereign, who was buying cable, is also selling the cross.

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2 Responses to “EUR/GBP firmer on day. Month end innit”

  1. Francesco on August 31st, 2010 09:31 GMT

    Thanks Gerry,

    one of my favourite trades.
    Long at 0,8165 and closed above 0,82.

    Would use strenght in the 0,8230 – 50 area to open a short and hopefully take profit in the first days of the new month.

  2. Gerry Davies on August 31st, 2010 09:35 GMT

    Money for old rope as we say here in the UK Francesco ;) Well Done.

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