I post frequently on the correlation between these pairs and once again we've seen impact this morning
The early sell-off in the euro on stronger equity markets saw EURGBP dragged down to 0.7301 from 0.7340 after failing to climb back above 0.7350
That move gave early support to GBPUSD combined with good demand at 1.5200 and we saw 1.5261
I highlighted levels to watch in the order boards here and here
Cue euro demand and a combination of bids/offers has seen EURUSD hold 1.1100, EURGBP 0.7300 and GBPUSD cap again to post 1.5211
Currently 0.7334, 1.1167 and 1.5223
I said earlier that we'd see good two-way business and so it's proving.
Good opportunities and still with US Q2 GDP to come and add to the melting pot