EUR/USD/Flows and Orders/GBP crosses

Early European flows

  • EUR/USD: Asian and Middle Eastern players were main sellers in early trade with the unconfirmed article from the German Bild Zeitung saying that the Buba and ECB were checking the legality of ECB’s new bond buying program being the most likely reason behind the selling.
  • Real money funds and macro funds were notable sellers of EUR/GBP
  • UK clearer bought cable from 1.6225 in early trade; leveraged players seen selling near 1.6260.

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