Yes we’ve arrived at Friday.
There’s been talk all week that there is lumpy EUR/GBP (circa 3 bln euros) to be sold at the 12:15 GMT ECB fix. It’s apparently related to EU’s subsidy payment to UK farmers.
Now that’s all well and good.
Maybe I’m a little cynical, but I wonder if the rumoured 3 billion is a true representation of the actual figure and I also wonder if some/large portion has already been covered.
Obviously on the otherside of the coin, there’s the usual month-end Buba buy interest in the cross to bear in mind.
We sit presently at .7963, up about 10 pips since I dragged my sorry arse somewhat belatedly to my desk.
Although I’ll have finished for the week by 12:15 GMT, I’ll be looking in to see whether there are any fireworks….
Could be interesting…………or maybe not
Pays ya money, takes ya chance
