After this morning’s failure to build on gains above 1.5230, cable looked ripe to wipe out stops below 1.5080…So what happened? It bounced, and now trades at 1.5155. Such is a day in the life of the world’s worst currency….
EUR/USD is firming in quiet afternoon trade, now at 1.2677 after finding central bank buyers in the 1.2650s.
