After many false starts yesterday we finally figured out our GMT, EST and lunchtimes and decided on 2:30 local time for today’s RBA rate decision. A 25 bps rate rise is still a 70% chance of happening. EUR/GBP did as … Continue reading
Talk about your order-driven demand. EUR/GBP reached 0.8768 highs at the 11:00 GMT London fixing and has been under pressure ever since. There was talk that the UK payment to the EU would be spread between the 11:00 GMT, 12:15 … Continue reading
EUR/GBP hits new session high of .8749 as 10:00 GMT fix comes and goes. Seems a UK clearer has had something of an ongoing buy interest today. Elsewhere EUR/USD is trying to munch through aforementioned sell interest at 1.3910/20 having been … Continue reading
EUR/GBP sits at .8735, close to session high .8742. Just reading comments from Barclays Capital, who see potential for move up to .8770/8800 area, with any extension to .8850 seen toppy.
Euro zone final January manufacturing PMI has come in at 52.4, revised up from flash 52.0. 2-year high. Better than expected various euro zone PMI data will be underpinning EUR/USD which is presently up at 1.3902. Elsewhere cable buy interest at … Continue reading