Cable has been up to 1.6400 so far, presently at 1.6385, the pairing underpinned by stronger than expected CPI data which has bolstered expectations of an early Bank of England rate hike.
Pairing stood around 1.6335/40 just ahead of the release. Real money has been seen buying post release.
Buy stops now seen above 1.6400 and 1.6410 (take your pick, what’s 10 pips between friends)
Trailing sell stops now said to lie down through 1.6340.
