GBP Trading Outlook
ORDERS & FLOWS: The main overnight flows were in the crosses like AUD/NZD, during the Asian session, and GBP/AUD during the European session. AUD/USD has held up reasonably well despite the heavy AUD selling on the crosses.
ORDERS & FLOWS: Very solid corporate buying interest near 1.0220/30 has held the AUD/USD up but hedge funds and CTAs are still looking to sell rallies according to interbank reports. Asian Sovereign names including China were noted buyers of EUR/USD below 1.2980.
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