EUR/GBP has edged through the .9000 level, presently at 9005. Talk that US investment house has recommended long possie is underpinning the cross nicely. Also underminning sterling will be PIMCO’s recent pronouncement that it intends to be a net seller of gilts this year.
EDIT: Talk Swiss name has been strong buyer of the cross in the latest move higher.
Cable meanwhile remains under the cosh, presently at 1.6020. Psychological support at 1.6000 looms. Talk of buy orders just ahead of said level and you can bet (although I can’t confirm) there are sell stops gathering not far south of there.
