Citi: GBP turns at NY open – FXWW Chatroom

GBPUSD has come off sharply from 1.5610 towards 1.5580 in early NY trader. There has been some supply on our platforms but our overall net bias shows a 52% bias to buying on very high turnover. All but the leveraged community stands as a net buyer. 
Cross activity shows a theme, also on good turnover. GBP selling versus the funders (EURGBP, GBPJPY and GBPCHF) and light GBP demand via commodity FX (primarily GBPAUD and GBPCAD). 

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