EUR crosses/Flows and Orders/FXWW News/GBP crosses

EUR/GBP: Should provide some leads today during European trade

There are reportedly some very large stop-loss sell orders below the market, under .8460 I’m hearing, and these could prove magnetic during European trade. The EUR is trading with a heavy tone, being dragged lower against the AUD and the USD, and with the market focussing again on the option-book activities of one particularly large Asian central bank, we may be in for a few sessions of EUR weakness.

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