Cable rises to the best levels of the day
You can't keep cable down these days. It's a turnaround from the sell-the-bounces era in the pair.
Fixing demand was part of the story today with the gains coming into the London fix. May has also shored up support ahead of tomorrow's landmark speech in Florence on Brexit.
A BBC report says she will say the UK is willing to pay 20 billion euros during the transition period but only if it has access to the single market and some form of a customs union.
GBP/USD is up 50 pips on the day to 0.9722.
