In addition to GBP/USD options expiring at 1.5000 this morning, traders say there are also options rolling off the books at 1.3500 in EUR/USD today. Prices are gravitating toward the strike as we approach expiration.
On the wire, Eurogroup head Juncker says he would welcome a meeting of leaders on Greece ahead of tomorrow’s summit.
Cable is holding above the 1.50 level ahead of the 10 am expiry with EUR/GBP seeing some pressure after early buying this morning. Cable is at 1.5022.