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British Pound is finding a bid

GBP
  • Pound is finding a bid, no real clear trigger but we might start to see some Month end related flow.
  • Decent Month End in FX. with most desk's models noting USD selling.
  • Not yet seen any Equities rebalancing into Govies as of yet.
  • Bank Bond extension, Bonds that are added back into their index, for Europe, US and the UK are minimal for this Month.
  • Initial resistance in Cable is seen further out, at 1.3835 High Oct 20

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