Or is it the other way round?
Either way the pound is getting some support after its M&A-led sell off earlier and we’ve seen the GBPUSD bids that I highlighted around 1.5100 into the Friday post-NFP lows of 1.5097 hold firm, and the rally has been steady to 1.5138 so far
Expect offers into 1.5150 with more above 1.5175 into 1.5200
EURGBP bids below 0.7800 are providing a little support to the pair for the moment but we need to bounce from here soonish if we’re not to test lower again. Currently 0.7798
