Month-end demand for EURGBP in play again today 28 July 2016
Hearing that the EURGBP buyer earlier has been back in and hovered up again.
EURGBP posted 0.8438 in a rush, just on a tech res point sending GBPUSD to 1.3160. Stronger sell interest into 0.8450 and GBPUSD at 1.3150 as I also highlighted.
We may be in the throes of Brexit but we still have to pay our EU bills each month.
Talk that the AB Inbev bid for SABMiller is being put on hold due to increased prevailing share price is also undermining GBP.
Just another reason why I don't want to be long of cable but we've got some great two-way business going on eh?
