– Above average volumes were maintained into the end of the week.
– GBP saw the highest activity on Friday with GBP/USD and EUR/GBP volumes in the top three currency pairs above their one-week average.
– EUR/USD volumes were declining as price ticked higher into the close of the week. This signals lack of buying interest and hence downside vulnerability.
– Low volumes in commodity currencies (vs. USD) on Friday point to waning risk appetite.
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Barclays