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Choppy price action ahead of month/quarter....>

FOREX
FOREX: Choppy price action ahead of month/quarter end.
- Eur/Gbp once again encountered demand around the 0800 fix with a sharp move to
Gbp0.8762, before sellers emerged to hold Gbp0.8750/55. Gbp/Usd pressed to
$1.4135 but was able to claw back most of its European morning losses.
- Early USD demand faded as the risk-off theme prevailed. Soft UST yields with
added weight via JPY crosses saw Usd/Jpy reverse off early highs of Y105.73 to
Y105.43. Eur/Jpy eased to Y130.59 but was able to recover.
- Eur/Usd largely tracked cable slippage before finding a base at $1.2377, rate
bounced to settle either side of $1.24.
- Aud/Usd felt the weight of Aud/Jpy to print fresh 2018 lows of $0.7659. 
- Scandinavian ccy pairs suffered amid the risk-off theme. Talk a large amount
of equity dividend payments due on Thursday pressured SEK to 8 year lows against
the EUR. NOK & DKK also sit at their respective lows of the session.
- US data highlights today from GDP Q4 third reading at 1230GMT, Pending Home
Sales follow at 1400GMT. Focus expected to remain on mth/quarter end flow with
bank models suggesting USD demand. 

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