We’ve just been up to 1.3382 and almost filled the o/n-weekend gap from 1.3384-1.3348 despite some reasonable selling from real money accounts and corporates.
Ongoing buying interest in EUR/GBP keeps further risk aversion at bay as equities recover some losses, despite a poor round of European PMI data.
Seems the market is reluctant to push much lower just at the moment until the Euro group and ECOFIN meetings today and tomorrow are over.
EUR/USD’s around 1.3365
