General selling of the euro this morning has seen EURGBP in retreat
I've warned in a few posts already today that GBPUSD was being underpinned by EURGBP selling after the early fall to 1.2990 and we've now taken out recent highs through 1.3030 to post 1.3047 in a rush
FTSE down 1.1% on the firmer pound and energy stocks coming under pressure.
EURGBP down to 0.8932 just ahead of decent demand into 0.8920-25. Offers on cable at 1.3050, 1.3080 and 1.3100. Demand now expected at 1.3020 and 1.3000 where large-ish option expiries roll off today and will remain in play until 14.00 GMT
Mirror mirror on the wall. Again.
