Firmer equity markets are keeping pressure on the funding-currency euro again this morning

EURUSD has taken out the 1.0650 bids to post 1.0644 lows not seen since April

EURGBP has been down to 0.7010, not seen since August and that's put the usual bid under GBPUSD which has now risen to 1.5185 from 1.5165 lows

EURUSD has large option expiry interest today at 1.0675 and EURGBP has decent size rolling off at 0.7000 so we might expect to see rates fairly tightly controlled ordinarily but we have a lot of data before 15.00 GMT to come into play too.

Currently EURUSD 1.0649 and EURGBP 0.7015

Keep an eye on equities again