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EUR/GBP, GBP/USD Update: Sterling Weakness Subsides as Built-Up Positioning Unwinds

TALKING POINTS: Built-up hawkish expectations cause Sterling sell-off as sentiment stagnates. EUR/GBP and GBP/USD key levels to watch. EUR/GBP is trading at a two-month high as the Pound has seen its worst performance against the Euro since April. Sterling has been the clear underperformer this week as positioning for a hawkish BOE has caused a position unwind on risk-off sentiment. The moves were also intensified in GBP/USD as the US Dollar has surged over 1.2% this week


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