The rampaging pound is helping drag EUR/USD along in its wake as dealers price in the real risk of a UK rate hike this week. China/US trade war jitters continue to underpin the EUR as well with the single currency the likely winner in any Chinese move to diversify reserves.
European PMIs leveled off last month but are plenty strong to keep the ECB in a hawkish mood. Offers are seen in the 1.3375/80 area with more toward 1.3400/10. Stops are eyed above 1.3410 but sellers are noted ahead of 1.3450 barriers. EUR/USD trades at 1.3377.
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