Cable at 1.4875 having been as low as 1.4856. First approach of the 50 level has not totally unexpectedly seen some hesitation. It would take a brave man to sound the all clear though. UK clearers and US hedge funds seen actve sellers in this latest onslaught.
Elsewhere EUR/USD sits at 1.3516 having run into the aforementioned buy orders down at 1.3500/10. Been enough to hold the line so far.
