GBP Trading Outlook
ORDERS & FLOWS: Continued buying-on-dips by real money funds unwinding long-term hedges has been the main flow factor in the market. There has also been heavy buying of AUD/NZD reported over the last 18 hours.
ORDERS & FLOWS: Real-money funds have been main buyers, unwinding longer-term hedges, whilst most of the AUD selling seems to have been on the crosses particularly against the JPY and the GBP.
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