Traders Talk about the British Pound

EUR/GBP drops as much as 0.32% to 0.7080 as comments by BOE’s Forbes (here) spur more pound purchases, trader in Southern Europe says.

EUR/GBP falls for the third day; was sold earlier by interbank names and macro funds, traders in London and Asia say
Most trades represent fresh shorts based on monetary-policy divergence theme
 Bids seen at 0.7055/60 and 0.6935/40

GBP is by far the strongest currency on the FX market. However, the market should focus on the upcoming CPI data from the BoE.

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