Recent run up to 0.8609 closed off the gap left from the Friday NY close and Asia’s open, and has since peeled off again towards 0.8590.
There’s talk of strong resistance around 0.8645/50 upstairs with the last run up apparently down to some German corporate and momentum accounts buying.
Euro now starting to look a bit softer ahead of the Italian bills auction
EUR/GBP ‘s around 0.8590 with the EUR/USD at 1.3595