The EUR is now starting to outperform again, with the support in EUR/GBP coming in a little earlier than we anticipated. Losses bottomed out around .7955, some 25-30 ticks off the support levels we mentioned earlier, and this has helped generate a spot EUR move back through 1.1400 again, putting the 1.1437 highs from last week back in the line of fire. Cable has suffered as a result, having topped out just above 1.4320, and now below here by 25 ticks or so.
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