EUR/GBP has rallied well this morning in the wake of the string of stronger than expected euro zone data, plus a little caution ahead of the UK Q-2 GDP data.
The cross is presently up at .8615 from an early .8585. Technical resistances now come thick and fast, at .8620 and then .8630.
Median expectation for Q-2 GDP is -0.3%. Anything worse than -0.4% would probably see sterling get hit fairly hard.
