Good selling all morning on EURGBP has finally taken it down through key support at 0.8650.

low posted so far 0.8639

Cable being used a vehicle to drive this move, taking out offers along the way at 1.5250.

high posted 1.5260 just below more selling interest at 1.5265-70

market short and caught, but we have been expressing caution here after the rapid moves in the last 24 hours.