The pound rallies higher this morning on fresh risk on move after china's overnight trading session.

The pound rallied higher this morning causing the EUR/GBP to retreat a little. Looking at the chart Major support sits at 0.8574. A break below here could see the pound gain momentum and the pair fall towards the 0.8500 region (August highs). Towards the upside, tough resistance sits at 0.8675 followed by 0.8700. Momentum has been slowing to the upside throughout the evening sessions resulting in a negative start today - Gains could be limited to the upside, however, this is highly dependent on investor sentiment throughout the day.