Well no one said it was ever going to be easy; more talk regarding EUR/GBP

Having earlier reported talk of decent buy interest lying in wait in EUR/GBP down at .9050/60, we’re now hearing talk of lumpy sell interest.

Yesterday there was talk of large fix selling interest and reports today are that E2 bln is said to have been done.

Now there is talk a similar amount needs to be sold at todays 13:15 GMT ECB fix. Mutterings it is linked to a Thursday option expiry.

It probably explains why the cross has failed to hold it’s rally over .9100 and partly why cable has bounced back.