EUR/USD lifting off the lows as the final 4pm London fix of the month passes

It has been quite a messy afternoon across the major FX markets. That has seen a good deal of cross price action, especially in the EUR/GBP. At one point it appeared there might be a buying order set for the final 4pm London fix of the month, but the price has dropped back as the clock strikes 4pm here in London. So, that was not the reason for keeping a lid on the EUR/USD this afternoon, but there is no doubt the push back towards the 1.33 handle in the GBP/USD stymied any upside in the EUR/USD and pushed it back to 1.1350. Of course that makes little sense after that batch of really bad US data. That said, the EUR/USD is on the rebound now after that 4pm fix is out of the way. It remains to be seen, if it can do what it arguably should have done earlier and rise further ahead of the monthly close tonight. We shall just have to see about that. Quick news will be on hand later this evening to report on the earnings reports from Microsoft and Meta. For the time being though, that is it for the day. The EUR/USD is right now at 1.1370