GBP/USD continues to push higher as EUR/GBP slips

So far this morning there has been a degree of downside momentum in the EUR/GBP. That has seen the cross fall below 0.8650, remembering it closed on Friday at 0.8684. The low seen so far today has been set at 0.8623, but that was much earlier, at the start of the Asian session. Since then a rebound pushed it back to 0.8694, as the EUR/USD rebounded back above 1.14. The drop back from that earlier high is now pushing it lower again and that has helped the GBP/USD to edge closer to the 1.32 handle. This is a direction that was endorsed here earlier this morning, but so far that 1.32 handle has yet to be reached. That is not to rule it out though, especially if the current downside move in the EUR/GBP extends and/or the move higher in the EUR/USD lifts beyond 1.1425, where it stalled earlier this morning. The GBP/USD is right now at 1.3182