EUR/GBP retains bid; sell orders noted

Source: www.forexlive.com

EUR/GBP sits at .8585, retaining it’s earlier bid-tone. As mentioned previously a large hedge fund has been a notable buyer of the cross today. Sources now report option-related sell orders lying up at .8590/00. I’d hazard a guess they’ll also be some stop loss buy orders gathering just north of .8600, although no confirmation of such as yet.


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