Getting some support down here but well off from earlier highs of 1.5865 following strong PSNB data. A break targets the more important support around 1.5790/00 (14 day MA is at 1.5799).
Catalyst has been the strong bounce in EUR/GBP following the EU/Greek debt agreement earlier but we’re generally still rangebound in 0.8340-85, and only a break out of the 0.8280-0.8410 bracket is going to ruffle a few feathers.
Intraday levels to watch are offers at 0.8385 and 0.8400/10 and bids down at 0.8350 and 0.8340. On cable, topside offers are at 1.5865 up to 1.5880, ahead of strong tech resistance at 1.5913 (200 day MA)
UPDATE: Now also being told that there’s some GBP/USD selling interest into the 1100GMT fixing
