Traders report that a UK clearing bank have been steady buyers of EUR/GB since the ECB fixing at 12:15 GMT this morning. The late London fixing could be a further catalyst in 15 minutes from now. Good resistance is seen on the near-term charts between 0.8830 and 0.8840. We trade now at 0.8809.
The cross buying has been adding to the broadly bid tone in EUR/USD, traders say. 1.4635 is next resistance amid talk of 1.4650 barrier protection.