EUR/GBP is giving back a chunk of Friday’s big gains, trading at session lows of 0.8745. Support comes in for the cross around 0.8737/40. 0.8740 is tghe 38.2% retracement of the 0.8648/0.8797 rally while 0.8737 was a short-term top on the hourly charts.
Dealers blame the selling in on a German bank i New York who has been learing on prices since the 0.8760s.
