EUR/GBP trades firmly in early New York trade amid strong buying from a Swiss heavyweight, traders report. Uncertainty over the durability of the new UK coalition as well as dovish comments from BOE Governor King, who did not rule out more QE, has prompted some profit-taking after yesterday’s surge in the pound.
Modest resistance lies overhead in EUR/GBP at 0.8532 and 0.8542. We trade now at 0.8522.
