No sooner had I published my EURGBP post than I heard that the GBPUSD option expiry today at 1.4925 for GBP506m has now increased to 1.2bln
The impact is being felt across GBP pairs as someone appears to have the interest to keep it capped below
One to keep an eye on, and particularly into expiry time at 14.00 GMT
Cable currently 1.4910 after a post-data dip. EURGBP demand adding to the capping pressure as we finally break up through 0.7300