Concerted technical correction in EUR/GBP after the midweek...

The Euro marginally pipped the Aussie to the post in round number terms, but it was much more even between the single currency and both Antipodean Dollars when it came to percentage gains vs the Greenback before the former accelerated beyond 1.2225. All 3 are gleaning leverage from yield differentials, while EUR/USD is also benefiting from supportive month end rebalancing flows and what looks like a more concerted technical correction in EUR/GBP after the midweek bounce from just under 0.8550. Hence, the headline pair has breached recent highs ahead of 1.2200 on the way to circa 1.2235 and applied further pressure on the DXY that is losing touch with 90.000 between 90.144-89.720 parameters following Wednesday’s false break through the 50 DMA.