At the risk of getting hauled before the various enquiries currently underway I’m hearing of UK corp sell interest in the fix at the top of the hour.
With the euro looking bid overall it might help to explain the sell-off on EURGBP from 0.8493 to 0.8485 just now on, dare I say, front running ?
Should the interest not be there, or not drive it much lower, then we can reasonably expect a bounce back higher.
Good sell interest at 0.8500 though still.
As always, take this info for what you consider it to be worth.
