Cable trading is becoming increasingly volatile. It’s back over 1.6100 again, presently at 1.6130.
Talk of sell orders at 1.6135 to 1.6155, with stops seen through 1.6160.
Sterling in general will be getting a lift from all the speculation surrounding Cadbury. Sounds like we’re going to be seeing improved offers for the UK chocolate maker in the near future.
EUR/GBP is trading down at .8990 from early .9020.
