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GBP/USD lifts above 1.30 again as EUR/GBP slips ahead of ECB
It looks like some fresh selling is impacting the EUR/GBP just now this morning and that has helped the GBP/USD rebound back above the 1.30 handle again. The Pound has just now hit a session high at 1.3011. The move lower in the EUR/GBP comes ahead of the ECB policy decision, which is looming ever closer now, at 12.15pm GMT. Perhaps it makes sense for players to push the EUR/GBP lower, in case the ECB acts more aggressively than forecast on monetary policy. Even if they do not, the BOE cannot match any rate cuts until next month. Of course, if the ECB does not cut by more than 0.25% today, the EUR/GBP could bounce. It sure will bounce in the unlikely event the ECB does not move at all. The low seen so far has been set at 0.8349. It is currently trading at 0.8351
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