Look at the EUR/GBP daily graph. Its rise appears to have been stopped and reversed at the upper boundary of a down trending channel. So EUR/USD may go down while GBP/USD goes up. The swap rate on GBP/USD is fairly neutral, but it too appears range bound.

Be aware of UK CPI datas coming out at 9.30 GMT and and US Housing starts at 13.30 GMT.

pintu lund