…that it’s ‘end of month’ time and the time for the usual UK’s purchase of euros to satisfy the mainland and pay their monthly membership fees….ahhh..
Anyway we have seen a base this month around 0.8290 and an uptrend to 0.8670…then Lloyds TSB started the bearish ball rolling with a ‘sell’ recommendation looking for a test of the lows.
With so much whippy trading of late just remember that should the Euro start back on it’s upward thrust then Cable could lag somewhat…..
