Busy start to the European session 23 Feb

The pound has felt some love this morning although if it's on a the back of a seemingly fragile peace with the UK govt ranks on Brexit then it's been rightly faded.

I highlighted the 1.4000 sell interest again in the order board post and a quick look at any short-term chart tells us we're still ranging. Currently back down to 1.3969 so some nice rally-sell pips already but GBP longs had a decent run too after the early test of 1.3925-30. More offers/res around 1.4020-30 then larger into 1.4050.

EURGBP held 0.8800 again with BUBA month-end demand casting a shadow that I warned of in the order board post too. If 0.880 breaks then more demand/support waiting into 0.8780-85

Good two-way trading pips to be had still. What's not to like? Apart from the fact that we don't look to be breaking out too far anytime soon. GBP underpinned though for the moment it would appear.