> EURGBP demand again helping to push the pound lower

EURGBP demand again helping to push the pound lower

Wednesday, 28/03/2018 | 07:16 GMT-0

Month-end is the gift that keeps on giving 28 March

Some good EURGBP rallies this week and we're currently seeing 0.8758 from 0.8734 with month-end BUBA buying in the frame again. Some sell interest/res at 0.8765 lurking then 0.8780-85 and 0.8800 again ofc. I did warn of the potential demand in an earlier post.

GBPUSD lower at 1.4150 after failing around 1.4200 and GBPJPY down to 149.44 after failing at 150.00 with USDJPY capped at 105.70 amid some risk-off yen demand emerging. Rally-sellers like me on all those will have seen patience paying off after the decent rebounds from yesterday's lows.

Equally dip-buyers will hopefully have not got greedy and been happy taken some money off the table.