Forex Notes

London FX: a large order at a Euro / Pound is putting pressure on the British currency

Pound was trading with a decrease in most of Europe in the morning to talk about a large order, which must be executed by the British clearing bank.

Shopping speculative accounts have increased to a maximum cross stg0.88415, in turn putting pressure on the pound, which pierced the New York minimum medium $ 1.5572 to $ 1.5560. Since the additional demand on the pound did not raise, the players have closed long positions. Then investors began to buy a pound, cross reached stg0.8808, and the pound rose above $ 1.5600.

Overview Trading pound
Couple pound / dollar fell to the level of $ 1.5616 before the opening in Europe. Then she was confronted with an interest in buying on the pullback and rose to $ 1.5635 but here again met with the sales. Talk about a big order at a couple of euro / pound, which should be executed today, caused an increase in cross-country race to 200-day moving average located at stg0.8830/32. Pound remained under pressure, he reached a minimum of $ 1.5560, and the cross grew to stg0.88415. Demand sovereign middle-eastern and Asian investors has allowed a pair Pound / dollar rise above $ 1.5600, and the cross down to stg0.8808, продавив speculative Longwy on the road.