Well they didn’t have to wait long for those stops through .9057 in EUR/GBP to be tripped. We’re up at .9075 having been as high as .9081.
Such is the pressure on sterling this morning, what with Pru/AIG deal being announced and concerns over hung parliament, touted option barriers at 1.5000 were taken out rather easily. The move through 1.5000 initially ellicited a small profit take, but it didn’t last long. We’ve been as low as 1.4964 so far, presently back up at 1.4975.
