Yesterday I highlighted that the EURGBP selling through 0.8220 was lending support to GBPUSD and so it proved as we saw a good rally from 1.6805 to 1.6835

But now the strong bids at 0.8200 again are pulling the pair back down to 1.6813 as EURUSD flirts with breaking lower through 1.3800. 1.6785-90 remains a strong initial support.

And don’t forget that we will have the usual month-end EURGBP demand to factor in as well