Its nearing the end of the financial quarter so we can expect turnover at the London Fix to be much higher than normal as asset managers rebalance their portfolios.

  • AUD, GBP and JPY likely to see inflows:
  • USD and CAD to see outflows:
  • EUR relatively neutral:
  • Also don’t forget that the Buba usually buys around 1bill EUR/GBP at this time of the month but that’s more likely tomorrow.