My ol’ fave ( keep selling those rallies, lol ) being pulled around in the last few moments
EURGBP up to 0.7583 in a rush sees 1.4962 from 1.4990 only to quickly pop back to 1.4980
Not hearing of prime movers but it once again highlights the inextricable link between the two pairs
Yesterday’s fall in GBPUSD would have been far greater were it not for EURGBP falling so rapidly but the support around 0.7575 that I highlighted post-ECB here was the catalyst for further falls in GBPUSD
The next support around 0.7550 support has once again put a wobble under cable as EURUSD treads water near the lows
If the Eurozone is going down the tubes don’t frorget that the UK will not be any better off losing the benefits of its largest tradoing partner
Orderboards on their way
