· Overall activity recovered to above average levels for the past twelve months as GBP selling prompted investor interest.
· GBP/USD saw its worst day since 22 May and an increase in volumes signals investor conviction with the move lower.
· EUR/GBP also broke nearby range highs with an increase in activity. This points to a more general appetite for GBP weakness.
· NOK/SEK saw an increase in activity as the break below range lows near 1.1235 triggered a topping pattern under the 1.1470 highs.
Read the full report: Technical Research
Barclays