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Sterling Sags, EUR/GBP Tops 0.87

GBP

Having outperformed during the first half of the week, GBP right at the bottom of the G10 pile early Friday, with decent volumes going through on the slips from ~1.3760 to ~1.3735 and from ~1.3740 to the day's lows of 1.3717.

  • No key headline driver for the move, but does coincide with EUR/GBP convincingly taking out 0.87 on the way higher to touch the best levels since late February.
  • BoE's Cunliffe and Woods due to speak at 1000BST

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