I’ve made a couple of posts this morning on cable and the potential impact of EURGBP and, true to most month-end price actions, we’ve seen some good demand on the latter as the BUBA reportedly again picks up a few for the UK’s EU membership contributions
0.7953 the high post so far and still underpinned which is continuing to cap GBPUSD rallies
I’m not sure that this demand has been enough to deter the EURGBP bears but given the numerous attempts on 0.7900 this week it’s certainly given pause for thought.
And on that note I’m out of here.. Thanks again for all your brilliant support and input and we’ll see what the Swiss referendum brings us on Sunday. Delicately balanced ?
Have a great week-end
