EURGBP back up above 0.8600 after 0.8576 lows post-UK retails data and that's keeping a lid on GBPUSD
I said in my earlier assessment that GBP sellers were lurking and so its proved. EURGBP range-trading 0.8575-0.8625 playing out too as per that post.
In the wake of the US election EURGBP fell heavily from 0.9030 and that helped put a base under
excessive GBPUSD losses. It's only reasonable to see the reverse playing out now.
I said in my earlier assessment that GBP sellers were lurking and so its proved. EURGBP range-trading 0.8575-0.8625 playing out too as per that post.
In the wake of the US election EURGBP fell heavily from 0.9030 and that helped put a base under
excessive GBPUSD losses. It's only reasonable to see the reverse playing out now.
