FXstreet.com (Barcelona) - The Pound has refused to take 1.3000 resistance line and has broken aggresively down in a 70 pip sell off breaking 1.4220 to reach some pips above critical level at 1.4135/25 area (Feb 12 and Feb 17 low).
Break of the aforementioned level could bring the pound to three-weeks low at 1.4050 (Feb 2 low) BoE minutes of February's monetary policy meeting could add selling pressure to the Pounf to explore new lows. On the Upside, if 1.4135 holds, the pound would aim to break 1.4190 before aiming to 1.4220.
EUR/GBP has broken through 0.8850 the upward line of the flat channel it has been trapped into duringthe Asian session, jumping nearly 100 pips to 0.8920 to drop back somewhat below 0.8900. If EUR/GBP holds above 0.8900, 0.8945 would be the next target.