Well not quite, but it seems that I have written a few times lately on this correlation, most recently yesterday where i also linked to previous posts
And here we are again with 0.7376 trading but the demand down here ahead of the 0.7370 key support helping to cap GBPUSD again this time at the recent highs of 1.5441
I'm short up there and will review again above 1.5450-60
EURGBP holds the key here with selling still being seen above 0.7385 keeping the pressure on but with USD demand generally prevailing right now then we could see any break of 0.7370 push EURUSD down rather than GBPUSD higher
If 0.7370 continues to hold then GBP selling can/will resume anyhow
Delicately poised again but either way the market will tell us soon enough
No sooner said than broken.. 0.7365 dealt now, but back to 0.7370. Cable still 1.5428 as EURUSD remains under pressure at 1.1370