Bank issued a note and according to it, Nomura exits EUR/GBP short positions for now.
Bank booked a loss, however the justification of killing shorts is funny. Bank keeps medium-term EUR/GBP bearish view as Brexit pessimism has probably reached peak for time being. What is more, Nomura added that Brexit not main scenario and bank currently assigns 25% probability of Brexit.
Meanwhile GBP appreciates rebounding from lows, both on an improving sentiment and after Osborne’s speech and urging G20 to urge Britain no to do anything insane and asking to warn against Brexit.