The cross has drifted back down towards 0.9000 following a much more obvious Euro flight from post-German data tips related to Sterling after a less negative BOE near term outlook via the latest MPC minutes and MPR. Indeed, Eur/Usd has reversed sharply from 1.1915 to circa 1.1840, while Cable is holding firm on the 1.3100 handle between 1.3113-82 even though the Dollar has clawed back losses against most major counterparts and vs GOLD that has been instrumental in terms of the downfall of the dollar. Back to the Pound, post-policy meeting comments from Governor Bailey underlined the message that NIRP remains under review and in the toolbox, but not currently on the agenda. My current bias for EUR/GBP on a technical viewpoint is mostly bearish with anticipation of further downside momentum heading into the final stages of this week.