Just popped the 1.58 level again to a high of 1.5818 tripping some buy stops enroute through 1.5810. Talk in the street of a US bank behind the drive higher. Next target on the topside is the May 22 highs of 1.5849, but there are reports of some buy stops in between through 1.5830.

GBP/USD’s currently around 1.5808