Sterling is under pressure across the board as barrier options are taken out in Eur/Gbp at 0.8750. Cable has given back all of its gains that it made on the back of the data, now at 1.6360 and looks very vulnerable below 1.6340.
The Eur/Gbp bandwagon that Sean and many of our esteemed commentators has been wisely highlighting recently, now looks set to mount a challenge on the 0.8800 level in the near term.
