Europe again jumping on the ECB tapering chatter and rising bond yields
EURGBP has now posted 5 year highs of 0.8836 and that's pushed GBPUSD down ( again) to test 1.2700.
The strong bids I've been highlighting are holding for the moment but expect rallies to be sold still.
EURJPY is up to 3-week highs of 115.54 but USDJPY has held the 103.00 level I was also banging on about earlier and retreating back to 102.84 with GBPJPY supply helping to cap.
Update: As if by magic I've tempted the GBP sell-Gods to make another appearance and GBPUSD has now posted 1.2694 in a rush.
