– Overall volumes were back up on Friday as the run of strong activity extends into March.
– GBP/USD broke below range lows on volume that was more than twice the level seen on Thursday. Investors are showing confidence in the move lower.
– SEK jumped from the bottom to the top of the G10 volume ranking. The high-volume downside range break in EUR/SEK, like that seen in Cable, signals investor appetite to sell.
– USD majors are dominating the highest volumes (above the 1-week average), while EUR crosses are at the low end of activity.
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Barclays