EURGBP takes a dunking giving cable a boost
The ECB announcement was as expected and there was nothing of real note in the accompanying statement.
That hasn't stopped EURGBP from falling and thus giving cable a lift
We've just traded down to 0.8656 from 0.8680ish, and cable has run up to 1.2182 from 1.2155 odd in the same move.
I've been watching the EURGBP play with interest of late and while the quid is still susceptible to the Brexit mess, I'm beginning to wonder if we're seeing more moves on the possible monetary policy divergence trade.
Something to monitor anyway.
