Eur/Gbp knocks out option at 0.87, hits 11 week high
By Mark Mitchell || August 24, 2009 at 14:14 GMT
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Eur/Gbp has just knocked out the barrier option at 0.8700, that Gerry mentioned earlier and had pushed higher to 0.8715. The continued expectation that the European economy, will outperform the UK is boosting the cross with Cable unable to hold onto the 1.6500 big figure. Support is seen in the 1.6440 area which halted the fall in Cable this morning.

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I am having a BIG laugh, Europe to outperform the UK ? Good luck to the pencil pushers…hahaha ; )