• the demise of sterling augurs well to a further move in the eurgbp and while the euro is staying close to 1.3000 for the moment it may well be the driver later if it doesn’t get dragged down.
• cable may, repeat may, have short term consolidation with some profit taking and range 1.48-1.49
• usdjpy dipped below 96.00 and I didn’t have time to comment as it was just before UK data, however buyers are there and the eurjpy is hovering just below 125.00