On the UK side, we are still on track for a NDB and loss of market access in the short-term. As long as the June highs are holding at 1.281x then I favour the sell-side, watch for 1.252x and 1.228x below as we enter into the ‘eye of the storm’.
For those in EURGBP a simple leg from 0.900x => 0.913x is in play to kill the week.