EURGBP takes a beating as cable hits 1.5400
Yesterday the euro traded the data, today it's ignoring it. EURUSD is doing nothing at 1.1170 after the GDP data but EURGBP is under the thumb as it hits 0.7254
There's technical support right here at 0.7250/60 and a move below 0.7240, and then 0.7220 could open the gate for a move to the mid 0.71's
EURGBP daily chart
Cable is still taking everyone to the cleaners but 240 odd pips in 2 days might mean we see at least a pause. The 38.2 fib I've been highlighting at 1.5414 might be enough to mark a temporary top, then again she might carry on ripping faces off.
