And it's as if this morning's strong euro rally to 0.7251 and 1.1330 never happened

You can't fault the level of movement going on out there at the moment but don't try and pin too many reasons or explanations to it

Go with the flow

GBPUSD running into the 1.5650 offers having tested the 1.5540 bids earlier

EURGBP has more bids around 0.7185 but we've broken down through recent lows now and could find momentum to head lower still if 0.7180 fails to hold