EUR/GBP has again confrmed that it’s in a consolidation phase with the latest attempt to break cleanly below .8200 failing and leading to a mild relief rally. The AUD has slipped on the crosses despite a truce in the resources tax saga with AUD/JPY losing 100 pips overnight. This price action is typical for June/July/August when markets chop around but fail to find a definitive direction.
Good luck today and TGIF.
