Attention turning to the pound again as European trading gets fully underway
It was all about the yen earlier but, hey, the pushy pound is not going to let anyone else steal its post-Brexit limelight.
Another round of EURGBP buying takes the pair through decent offers/res at 0.8550 triggering stops to 0.8560. The move sends GBPUSD down through 1.2900 and accelerating to post 1.2874 in a rush before finding a little support.
Expect more into 1.2850 with 1.2900-10 now providing immediate res/offers
The markets seem to backing a BOE rate cut this Thursday but it's by no means a certainty with Carney not wishing to be seen to be in panic-mode.
I remain a GBP rally seller though. Shock, hold the front page.lol
