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Asian funds responsible for GBP falling from highs

Bloomberg citing Asian trading desk sources

  • macro funds sold GBPUSD and also bought some EURGBP
  • option related bids though from contracts rolling off today nearby at 1.5200

GBPUSD currently 1.5198 after holding around 1.5180 support lines. EURGBP 0.7208

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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