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.