Currently 1.2297 just off session lows
EURGBP demand and general USD rally adding to the heavy feel. Earlier GBPJPY selling down to 142.50 started the rot.
The key UK services PMI data out at 09.30 GMT
Offers: 1.23301.2350-55 1.2380-85 1.2400 1.2460 1.2500
Bids: 1.2280 1.2265 1.2250 1.2220 1.2200 1.2185 1.2150 1.2100