– Overall volumes held above the average level of the past 12 months.
– A jump in GBP activity yesterday saw the pound join NZD at the top of the G10 rankings.
– Yesterday was the most active day for GBP/USD in over two years. Investors are happy to sell lower.
– NZD/USD volumes doubled on the day as profit taking pushed price back toward range lows near 0.8280.
– The move higher in USD /CAD attracted the highest daily volumes in 18 months, suggesting that investors are backing the rally.
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Barclays