UK clearing banks were major sellers of EUR/GBP today, driving the cross through 0.8888 support briefly before stabilizing. Looking at the calendar, we’re reminded that UK typically makes a payment to the EU on the last business day of the month which usually results in a significant amount of EUR/GBP needing to be brought. It is usually transacted by a European central bank, so keep your eyes peeled flows into EUR/GBP at the 10:00 GMT London fixing, the 12:15 GMT ECB fixing and the 15:00 GMT London fixing.