Just a quickie before I go to highlight the top on EURGBP at 0.7865 as per the orderboard earlier and now trading at 0.7841 just ahead of the 0.7836 lows before in this session prior to the awful UK data
The cap has put a bid under cable which has enjoyed a nice bounce from 1.5867 to 1.5910. Keep selling those rallies though with 1.5950-60 the first area of value down here given how far we’ve come. Maybe 1.5925-30 if we stall.
Bids and offers still in place on EURGBP so there’s your range until broken.
Have a safe fireworks party if you’re attending one.Those of us from the interbank market will always remember the much-loved and much missed Steve Timcke at this time of year, and his tragic death in 1996 had a profound effect on many of us. Our thoughts go out to all his family and friends.
See you all back here safe n sound tomorrow.
