Dip buyers are back in to give GBPUSD some support 9 Aug 2016

The pound took a hit earlier as bearish comments from the BOE 's McCafferty helped to knock it lower. Eamonn had the story here.

1.2970-80 has been a line in the sand for a while now and so it's proved again with a low of 1.2978 before now testing 1.3000 on a rebound.

It's not broken back up through yet though and the pound remains delicately poised for further attack as we wait for European desks to shuffle into action. If we do get back through then look for more sellers into 1.3020 with larger interest then between 1.3045-50.

EURGBP has been underpinned throughout the Asia having sustained a move above 0.8500 and this has helped undermine the pound. Support/demand now at 0.8520 then 0.8500 with offers/res into 0.8550