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EUR/GBP edges higher

By   || March 28, 2011 at 08:10 GMT
|| 7 comments || Add comment

Up at .8808 from around .8778 when I arrived.  Sources note some real money buying of the cross this morning.

Last week was getting reports of sell orders at .8820/30.  Haven’t had them confirmed so far this morning, but something to bear in mind I guess. At long last sterling is seeing some of the disrespect it deserves. Bout time ;)

UPDATE:   Well, just being told stops above 8820 in EUR/GBP

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7 Responses to “EUR/GBP edges higher”

  1. hsbc on March 28th, 2011 08:12 GMT

    probably mth end fixing play

  2. Ashish on March 28th, 2011 08:28 GMT

    Hi Gerry.. u seems to b in jolly mood with sterling. :-) .. but m finding aud/usd pretty much in rampant mode… u knw anythin why it shoot up so much other than the obvious insurance sell outs… I mean will RBA intervene on this and get it down to a bit repectable levels say arnd 1.0200 or may b lower at parity.. The present nos seems too mind boggling for their kinda economy.

  3. Nick on March 28th, 2011 08:38 GMT

    I’m not surprised! AUD/USD will decide it’s future whether to rally further to the upside or to the downside based on the upcoming NFP report… good luck :-)

  4. Gerry Davies on March 28th, 2011 08:43 GMT

    Hi Ashish, my mood on sterling is pretty consistent. I just keep it to myself when it’s doing well ;)

    ongoing talk of UK clearer buying re this m&a deal

    http://www.reuters.com/article/2011/03/23/axa-idUSWEA027920110323

    we even had a rumour of BarCap out to buy Macquarie

  5. Gerry Davies on March 28th, 2011 08:46 GMT

    second and thrid comments re your question on aussie

  6. Popee83 on March 28th, 2011 08:55 GMT

    Adding EURUSD longs now at 1.4062, looking to hit 1.4195 by COB. Tight stops at 1.4020. Good luck all

  7. Ashish on March 28th, 2011 09:19 GMT

    Yes gerry… as expected frm u…. :-) everythin that happens in d market, does nt leave u and ur team eyes.. dats actually cool… how abt some more clearing houses view on Cable and Euro/Usd???

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