EUR/GBP is holding up well, presently at .8795. Talk of buy stops gathering up around .8810.
Now euro bulls have attained initial .8800 target there is talk of a move upto .8865/70 (200 dma)
Thanks to Lilac for heads up. The cross is apparently garnering some support from talk of M&A flows related to Diageo’s interest in LVMH’s Moet Hennessy. Now there’s a thought, nice bottle of chilled champers with a long straw. That might improve my mood.
UK CBI quarterly distributive trades up next at 10:00 GMT, in about half an hour. We’re looking for a -11 read.
