In all that melee the PBOC cut its benchmark deposit rate by 25 bps to 3.25% just ahead of the BOE which prompted the EUR/USD to 1.2602
GBP/USD’s flying high and EUR/GBP’s just scythed down through support around 0.8100 to 0.8085.
Guess it’s a tad typical of late. I bought a pair of sunloungers the other day and it’s rained ever since. Gonna buy an umbrella this afternoon, to see if i can reverse the trend…
