EUR/GBP has made a strong move higher in Asia with some positive news for the EUR coming out of the EU leaders summit and some negative news for the GBP from the consumer confidence data; a classic cross trade.
Another possible lift for the cross could come from the usual monthly BOE purchase of EUR/GBP which (and I might be mistaken here) happens a bit earlier in December. Perhaps someone can verify or refute this?
Gerry will be along shortly. Have a great weekend.