Perky pound again as EURGBP retreats further

GBP buyers prevailing as euro sellers return 21 Nov

The euro's roller coaster ride continues and after yesterday's rally to 1.1809 and 0.8905 we've now got lows of 1.1730 and 0.8844.

That EURGBP supply is helping to push GBPUSD up to 1.3266 so far. Sellers lurking nearby at 1.3280 still where we capped yesterday and larger into 1.3300-20. GBPJPY also on session highs at 149.35 with sellers expected around 149.50.

EURGBP has support/demand around 0.8830-35 to help stem further falls so this may well just be an early test of some key levels. GBP sellers stand poised but both bulls and bears need to be cautious of BOE members testifying to lawmakers at 10.00 GMT

Full order boards on their way shortly.

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