I've been banging on about GBPUSD and EURGBP this session with good reason
EURGBP has now posted session lows of 0.7132 and cable new highs of 1.5465 as the two pairs continue to be joined at the hip,something I post on frequently in my regular early Europe shifts
The usual month-end demand from the BUBA had seen a rally to 0.7200 but once that was out the way the pair's true colours have been well and truly declared
Next tranche of offers on cable at 1.5480 then the key res/supply between 1.5500-10 which I don't expect to see broken today after the big move already
EURGBP has demand/bids at 0.7125-30 then more into 0.7100 as I highlighted earlier
With European traders now heading to the pub ( if not already there ) we now wait to see if N American desks have any interest to reverse today's moves or wait to see what transpires next week
Currently 1.5447 and 0.7136