eurgbp-hourly-5-feb-09

Well given that the talk in the market at the moment seems to point towards a GBPUSD rally and a EURUSD selloff if we get a 50Bps move by the BOE and a sit on our hands and pray response by the ECB.

Please click on the EURGBP Hourly and Daily charts on the left for a look at how important the 0.8800/20 region will be. That is, if we break here we probably see an 0.86 handle the same session.

eurgbp-daily-05-feb-09b