GBP/USD has had a big move, especially for Asia time, up over 100 points at one stage.

  • EUR/GBP plunged
  • this helped trigger GBP buys against the USD, market chatter is a decent round of stop loss buying and an overshoot
  • option hedge buys also cited in the market
GBP/USD has had a big move, especially for Asia time, up over 100 points at one stage.