The cross fails on its third attempt to crack the 0.8750 level.

We have seen a high this morning of 0.8748, with some obviously good selling interest at 0.8750

Sterling has held this mornings gains following the better than expected PMI numbers,whilst the Euro leg has drifted lower from the Asian high of 1.1256

In terms of order interest in EURGBP, there is minor support at 0.8700-05 and better bids below at 0.8650