EURGBP has been in decline for the past 24 hours and now shunting lower again
These are fickle times but EURGBP, from having found a bid around 0.8570 after its steady losses in the past 24 hours, has now tumbled down through good demand/support at 0.8550 to test the next line of bids.
The move has sent GBPUSD flying up through 1.3200 triggering some stops past 1.3220 to post 1.3234. Larger offers/res around 1.3250
Funny ol' moves that have seen the pound make numerous gains amidst general, but not universal,USD supply.
No specific reasons being cited but we'll keep our ear to the ground for the call of the jungle drums.
EUR pairs all lower though with notable move also in EURAUD and EURNZD
