Cable has come under accelerated pressure this morning, presently down at 1.5975. It’s been as low as 1.5958 so far after aforementioned stops through 1.5980 were tripped.
Talk is there has been good GBP/AUD sell interest going through, said to be linked to insurance payments for Queensland floods.
AUD/USD trading up at 1.0280 from around 1.0260 when I arrived. Barrier option interest seen at 1.0300.
