The cross is up at 8485 from early .8425. Talk is a UK clearer has been buying EUR/GBP linked to Scottish Widows.
I’ve heard numerous reports of the clearer in question hitting cable hard this morning. Cable at session low 1.5822.
UPDATE: Right, I’ve removed link. Buying EUR/GBP related to Scottish Widow sale doesn’t make sense to me. I can’t join up those dots and neither can my contacts.
Infact I’m just hearing that the interest might well have been completed. Talk it was in £500 mln region, which isn’t exactly huge.
