– Volumes increased on Wednesday with volumes in CHF, GBP and USD above their respective 90th percentile for the year.
– USD/CHF and EUR/CHF saw a jump in activity as investors took profit on the rally of the past two weeks.
– Wednesday’s up-day in GBP/USD saw increased activity which signals a pause in the recent down-move.
– Volumes in EUR/GBP were at the highest level since March as investor selling looks likely to keep price action within range.
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Barclays