End of month EURGBP purchases by the Bundesbank in play 28 Oct
It's Friday 28th and month-end isn't until Monday but as I pointed out last month ,and before, the BUBA buying EURGBP to cover the UK's EU membership fees is now spread over a few days.
I suggested in my last two posts that we can't rule out some of it going through at the moment.
Currently 0.8996 we're testing the decent offers/res at 0.9000 again after a dip back to 0.8979 which in turn is pushing down cable again to 1.2130.
I've not heard that it is BUBA but it would certainly help understand the fundamental EURGBP demand in the past 24 hours
