EUR/GBP heading back to 0.8800 ahead of the FOMC

A break up through here will run into the 100 and 55 day MA’s which are at present at 0.8820 and 0.8827 and should provide some reasonable resistance. We’ve recently seen a high of 0.87985.

Cable is floundering since the sell off into the London fix from a US investment house and UK clearer, but there has been some notable buying interest from the retail guys under 1.6200 since the fix.

Cable’s at 1.6208 and EUR/GBP at 0.8788