Cable surge attributed to stop loss trigger, EUR/GBP drop, option-related activity

Author: Eamonn Sheridan | Category: News

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.




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