EUR crosses/EUR/USD/Flows and Orders/GBP crosses

If you don’t like rumours, look away now!

Another day, another FX market rumour! The goss this time is that the BOE is set to announce additional policy measures at its meeting later today. EUR/GBP is 10 pips higher in the last 40 minutes or so, probably related to this rumour and attempts to trigger weak trailing stops in the EUR/USD above 1.2780. Unfortunately the market is back to normal after yesterday’s heavenly volatility.

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