EUR/GBP had a strong showing during the session as the Euro continues to gain against almost everything out there. However, the Pound isn't exactly a weak currency, so we think this upside should be somewhat limited. The noise in this area is deafening, and as such we aren't interested.
The GBP/JPY pair shot straight up during the session on Thursday as the "risk on" rally is in full tilt. The Pound is essentially strong against everyone at the moment, and the Yen is currently being weakened by the Bank of Japan. We like the pullbacks as they come.
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