Has given up a full cent so far this morning, presently down at 1.6010.
Not helped by Buba doing it’s usual month end EUR/GBP buying.
A US investment bank (not the one doing God’s work) is said to have been selling aggressively from about the 1.6070 level . The bank in question has also been active buyer of EUR/GBP.
UPDATE: Just been told BUBA still being seen in EUR/GBP. We sit at .9045.
