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GBP: Volume Spikes Helps Drive GBP/USD to New Daily High

GBP
CEEMEABulletUKGlobalForeign Exchange BulletsRegionMarkets

GBP/USD sees some solid buying interest in recent trade, with volumes spiking across currency futures - over 800 contracts changed hands at 1159BST (cash equivalent ~ $67mln) for the busiest trade for the day so far, in what may be pre-fix trade, with no headlines, newsflow or specific datapoints crossing.

  • EURGBP sold in tandem, extending the drift off the recovery highs - price shows below 0.8358 support before posting a modest bounce.
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GBP/USD sees some solid buying interest in recent trade, with volumes spiking across currency futures - over 800 contracts changed hands at 1159BST (cash equivalent ~ $67mln) for the busiest trade for the day so far, in what may be pre-fix trade, with no headlines, newsflow or specific datapoints crossing.

  • EURGBP sold in tandem, extending the drift off the recovery highs - price shows below 0.8358 support before posting a modest bounce.