I’ve been reporting on the EURGBP demand and we’re now up to the next wave of offers at 0.8380, leading into 0.8400
The fragility of cable has been exposed and we’ve been down to 1.5979 from 1.6013, ahead of strong support at 1.5950
Overall the pound is on the back foot with GBPCHF down to 1.4695, GBPAUD 1.7065 and GBPJPY 158.48 but it’s difficult to see this move gaining momentum unless 1.5950 breaks on cable
