While attention has been focussed on yen pairs and Eurozone CPI we’ve seen more upward momentum in this pair for the usual month-end buying by the BUBA for the UK’s membership fees contributions, as I highlighted in the comments earlier and my orderboard post.
A steady grind higher to 0.8275 earlier was knocked back below 0.8260 after the EZ CPI but that just gave the buyers another/better opportunity and we’ve now taken out decent offers at 0.8280-85 to post 0.8293 in a rush
More offers reported at 0.8300 as per my orderboard with a gap to the next lot at 0.8320
Bids now in at 0.8270 and 0.8250 ahead of the bigger 0.8235 area
EURGBP H4 March 31
