• GBP continues to rise after UK election fog lifts, probability of EUR/GBP drop to 0.70 is rising 
  
  
• Relatively hawkish BoE Inflation Report expected Wed, BoE on course to hike in 2016
  
  
• 0.7143 (1.40 in GBP/EUR) & 0.7118 (Apr low) among bear targets pre-0.70
  
  
• 0.72 is now a resistance level (stops below 0.72 were tripped earlier)