Published at 02:14 (GMT) 11 May

EUR/GBP, EUR/USD Flows: EUR/GBP Big 0.80 Options taken out to 3-half year lows (IUHC4701)

Huge EUR, EUR/GBP sales went through, as huge EUR/GBP options/ stops taken out at psychological 0.8000 to fresh 3-half year lows around 0.7995. lowest level since November 4 2008. More downside seen.

EUR/GBP Vols seen higher on break of 0.8000. 1-m levels up at 7.665%, vs 7.43%. Levels at 7.355/7.805%, r/r -1.325/-1.010%. 3-m Vols at 7.980%/8.380%, r/r -1.765/-1.485%. EUR/USD now at 1.2915-18. GBP/USD at 1.6124-27 and EUR/GBP back up at 0.8006-08 but heavyy for break of 0.7950 barriers. WL