EUR/GBP is finally coming off after rallying all morning on demand said to be related to an intergovernmental payment from the UK to the EU.

Talk of ECB concerns of Greece contagion spreading to other chronic deficit states in the Eurogroup is undermining the euro as well.

EUR/GBP has fallen back to 0.8736 from 0.8760 highs while EUR/USD has fallen back to 1.3911 from 1.3935. BIS bids are still rumored in EUR/USD below 1.3900 while continued fixing demand is rumored in EUR/GBP