Stop me if you’ve heard this one before
EURGBP has been grinding it way higher due to the usual month-end demand ( BUBA buys a few billion for the UK’s EU membership subscription and traders usually front-run) and we’ve seen it cap at 0.8148 just short of the 0.8150-60 resistance/offers highlighted again in my orderboard earlier
Cable couldn’t sustain the gains to 1.6740, shy of the 1.6750 offers on its rally from 1.6693 and with this added whammy of EURGBP buying has drifted off to 1.6713
A game of rinse n repeat. You just gotta keep your eyes open
