‘No’ votes lead to record flows
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The euro moved from 1.2580 on Friday to 1.2480 on unusually strong holiday Monday trading to 1.2380 on Tuesday. It had fallen to a low of 1.2165 on Wednesday before recovering some strength. On Friday, weaker than expected US non-farm payroll figures made little impact on the euro, indicating a more bearish attitude to it is likely to last. Osman Wahid, currency strategist at JP Morgan in London, said: “These figures would usually push euro/dollar higher, and the fact they did not reflects the
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