On top of the potential Vodafone/ONO deal there’s news afoot that UK’s Rolls Royce could buy Germany’s Daimler’s 50% stake in a jointly owned power systems company with the slice being valued at £1.9bn.
It’s another market grab for a reason for the moves today and the 0.8350 area is being widely watched as a floodgate for a push to 0.8400. 0.8407 would be the 38.2 fib of the Feb 2013/14 hi/lo
EUR/GBP daily chart 10 03 2014
Chuck in the strong offers at 0.8350 and there’s plenty to get through until then.
