EUR/GBP is coming under some pressure, presently down at .8930 having opened in London around .8975. Sources report that a German bank has been an active seller.
This is interesting as usually you’d expect to hear reports of Buba buying interest at month-end. Maybe the German bank in question knows the Buba interest is out of the way, possibly?
As we’ve said before there are alot of people out there who see the EUR/GBP cross moving lower in the short to medium term .
