EURGBP Triggers Weak Stops In Early London

Early London has seen some weak stops triggered above 0.8900 and may now try and claw its way back to 0.8990 prior to the BOE and ECB rate announcements this evening.

Not sure what is down there at 0.8800/20 in the EURGBP but it must be big! Which means when it gives way it will probably head to 0.8600 without too much trouble so worth a break trade on the break below 0.8800. See this post for more information.