Pound flies across the board as buyers hit GBPJPY

Author: Ryan Littlestone | Category: News

Large buying in GBPYJPY drive the quid higher

There's no news or reasons for this sudden surge but the desks are noting some very large buying activity in GBPJPY as the main reason why we're flying higher.

GBPJPY hot footed it from around 152.00 to 154.00 as a large buy order hit and the knock on has been explosive pretty much everywhere else.

GBPUSD has topped out near old S&R at 1.4230. While EURGBP has held the 0.80 big figure.

GBPUSD H4 chart

We saw similar moves around this time Friday but not as large as this, and we didn't really get an explanation for that either. For the rest of Friday's European session the moves bled out so we might see the same again. I'm having a little buy of EURGB down here with a stop tight below 0.7990. 

Update: The moves have gone further than FX with some sizeable jumps in stocks too.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose