Barclays says will not join UK insurance scheme

After passing its government stress test last week, Barclays has just announced that it will not join the UK government asset insurance scheme. Best leave the government out of things if able, seems to be the message.

EUR/GBP is not far from session lows but that is more a function of euro weakness than any move into the pound on the Barclays news.

EUR/GBP trades at 0.9265 after finding support at 0.9253 late in London.