EUR/GBP is bouncing after working through resistance around the 0.8945 level and that pop has put some downward pressure on Cable. Traders expect dips to be happily bought so long as the former resistance level at 1.6693 provides support.

EUR/GBP resistance in the near-term is seen at 0.8985/90. Cable resistance is at 1.6760/65 and 1.6780/85 near-term.