No sign of upside failure for EUR/GBP yet extending its post dovish MPC minutes gain to a fresh 2-month high of 0.8447.

Commerzbank analyst Karen Jones had been looking for failure ahead of the key 0.8420-0.8425 resistance area, and has now been stopped out of her 0.8400 short close to cost at 0.8405.

BarCap says allow for more upside to 0.8425-0.8445, but favors fading such a move for a decline back toward the 0.8280 channel base.