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27 Feb 2014
Flash: Asian CB interest in GBP - Investec
FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec notes that GBP/USD extended the losses from earlier in the session when UK GDP for 2013 saw minor downward revisions for Q1 and Q2 yesterday.
Key Quotes
“By late afternoon GBP/USD had reached 1.6625 while EURUSD had slipped through the stops zone at 1.3680.”
“After the 4pm WMR fix flows finished we again saw GBP/USD dip buyers, as it seems both corporates and Asian Central Banks have GBP demand needs for now and the pair was bought back up to 1.6670 from the 1.6620 lows.”
Key Quotes
“By late afternoon GBP/USD had reached 1.6625 while EURUSD had slipped through the stops zone at 1.3680.”
“After the 4pm WMR fix flows finished we again saw GBP/USD dip buyers, as it seems both corporates and Asian Central Banks have GBP demand needs for now and the pair was bought back up to 1.6670 from the 1.6620 lows.”