Currently 1.2475 after failing into 1.2500
EURGBP demand below 0.8580 helping to cap.
Large option expiries at 1.2400 on Friday in play.
Offers: 1.2500 1.2530 1.2550 1.2580-85 1.2600 1.2620 1.2650
Bids: 1.2450 1.2435 1.2420 1.2400 1.2375-80 1 .2350 1.2330 1.2300