Bit of a battle going on this morning. Seems market in general fancies EUR/USD and GBP/USD higher, but ongoing ACB selling in both pairings is cramping progress.

Model funds have been seen good buyers of cable today. We’ve been up to 1.6147, presently at 1.6130 as ACB sales persist.

ACB selling being seen up around 1.4520 in EUR/USD.