EUR/GBP: 0.6725 Bids Underpin, UK & EZ Rate Verdicts Thursday

Touted buy interest at 0.6725 is helping underpin EUR/GBP, as it consolidates intra-day losses from 0.6743 (Asian session top). A break below 0.6725 targets 0.6715. Sell orders at the latter level kept a lid on the cross post-Xmas, until the year-end London fix (Dec 29). Three-week highs of 0.6761 were notched last Wednesday and Thursday. The BoE and ECB deliver their first interest rate verdicts of 2007 this Thursday. No change is expected from either.