Large moves for euro and pound as the last of the end of month flows trade out
GBPUSD has lost a quick 55 pips to 1.5698 and the EURUSD has fallen to a day's low at 1.1112
GBPUSD and EUR USD 15m charts
The fix is often important at this time of year when months and quarters end as firms finalise and rebalance positions and portfolios. That may be the end of the flows for today but we're also likely to see some new flows tomorrow as trades closed out for the quarter are re-instated, and the market carries on where it left off. It's just another one of the many mechanisms of forex, and wider markets
