Currently 1.2449 on the back foot as EURGBP catches another wave higher
Haven't seen this sustained EUR demand for a while. Seems like old times and let's face it, it did fall from 0.9000 in rapid fashion
UK CPI data at 09.30 GMT
Offers: 1.2480 1.2500 1.2530 1.2550 1.2580-85 1.2600 1.2620 1.2650 1.2685 1.2700 (strong)
Bids: 1.2450 1.2420 1.2400 1.2375-80 1 .2350 1.2330 1.2300
