EUR/GBP volatility set to continue
There was some huge volume in EUR/GBP to finish last week and the London fix was reportedly the noisiest of the year. There are large stop-losses either side of the market, below .7910 and above .8000 and there are also large option expiries in coming days. Don’t know where it’s going but it should be an interesting ride. Maybe we trade .7850/.8050 for the week and meet back here at .7950 next Monday?