Pound under pressure again as EURGBP breaks 0.9100

EURGBP now posting highs of 0.9115 and forcing GBPUSD lower again 15 Aug

Possibly one of the option expiry sides trying to get some distance between 0.9100 and prevailing levels into 14.00 GMT but a softer pound generally in any case and EURSD perky at 1.1755 after early test of 1.1720

GBPUSD testing decent demand/support around 1.2900 again after failing to get back over 1.2930 post-data. Next line in the sand 1.2880 then larger at 1.2850 if falls continue.

EURGBP with sellers nearby at 0.9120 and larger at 0.9150.

GBPJPY and GBPCHF also both lower and prime movers as franc and yen demand return adding to GBP supply but all delicately poised still.

Intraday GBP short-side jobbers might want to take some money back here but not necessarily all. Re-sell GBPUSD on a clean break of 1.2900.

GBPUSD Daily

EURGBP 4hr

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