EUR/GBP retains its bid-tone, presently up at .9265 having started off in Europe down around .9210. The BIS was earlier said to have been buying the cross and indeed the UK currency has few friends. Even the government couldn’t give two hoots if it gets hit hard, and todays poor trade data (non EU exports down around 16%) will have only strengthened that benign neglect. Hearing a short-term technical target of .9290/95 and a medium target of .9520.