I mentioned in my earlier post to keep an eye on EURGBP for clues on cable price action after the less than exciting Q1 GDP revision
Well the offers into 0.7130 have popped and we've been up to post 0.7144 so far just ahead of more offers at 0.7165 but we can expect some around 0.7150 I reckon too
GBPUSD has responded by showing its weak side and dropped to 1.5307 from 1.5355 with bids at 1.5300 and 1.5285 to clear if we are to make further progress so intra-day shorts are likely to scoop up here and say thanks
