GBP Trading Outlook
ORDERS & FLOWS: All about the crosses overnight, with heavy selling seen from US-based investment funds across all of the AUD crosses. In the AUD/USD, corporate and Sovereign bids are still expected near 1.0225 but dealers say that order books are also heavy with offers above 1.0330.
ORDERS & FLOWS: Stops reported (unsurprisingly) above 1.0370 but hedge funds were noted sellers overnight near 1.0355. Local banks report more decent selling interest near 1.0390/00.
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