What a difference an hour makes eh?
Seems like only a few moments ago I was highlighting the strength of these two in my wrap as markets got excited prior to the Minutes' release
As so often is the case though the truth has been somewhat different as I noted in my posts here and here
False hope can be a dangerous thing and the Minutes in both cases has confirmed my dovish view on both BOE and ECB
GBPUSD now testing decent support around 1.5275-80 from 1.5372 highs and EURUSD 1.1248 and seemingly on its way back to session lows we saw first thing at 1.1235
Good two-way business and lessons to be learnt from trying to second-guess
This could all be reversed again later though when the Fed takes their turn to disappoint the interest rate bulls
