EURGBP runs into offers as month-end approaches

The market probably got ahead of itself as the pair climbed to 0.7437 earlier

The euro-love on equity jitters has helped the month-end BUBA-led demand, but yesterday I also pointed out that September brings EU payments to UK farmers and will nullify the usual impact to a degree

We're now back to 0.7410 as EURUSD also runs into offers around 1.1280 that I've highlighted twice already this morning with European equity markets showing a little improvement since opening. Currently back at 1.1248

Expect EURGBP demand at 0.7400 and then 0.7380-85 but for the moment the sell-off has put a bid under cable. Offers noted into 1.5200 though and more at 1.5220-25