I wasn’t around for Thursday’s ECB fix (I had better things to do – see Mustard’s 50th), so thanks to those who were at their desks and briefed me after the event. It looks as though, for the second year running, it was an order that one would have preferred not to win (FX news: Single farm payments – A €/£ harvest at the end of September).
It was good news for the farmers as the euro caught a spate of quarter-end buying; it was bad news for anyone who had bought the one-week 0.8400
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
