It started out having a bit of a wobble but there's definitely some interest out there for the multi-nation ccy this morning
Month-end flows in EURGBP are definitely having an impact as the pair takes out decent res/offers to post 0.7188 so far, also driving GBPUSD to 1.5272.
For newcomers to the ForexLive site I should point out that each month the Bundesbank buys a few EURGBP ( between €1.5-2bln) to cover the UK's contribution to the EU. The action doesn't always send the price rising as far as it has today, and sometimes it will be done over a period of a couple of days, but it's added to the positive tones with EURJPY just testing 136.00 and EURUSD recovering from 1.0930 to 1.0990
Large option expiries at 1.1000 (EUR 1.8bln) may be adding to the demand with others lined up at 1.0950
Either way we have the not so small matter of US Q1 GDP revision at 12.30 GMT and given the market, and indeed the Fed's, paranoia with US data we could/will see some wild swings before expiry time
Good steady upward progress for the euro so far though
