Cable holding up pretty well, presently at 1.6460. A little earlier cable reached a session high 1.6482 as .8950 gave out in the EUR/GBP cross, triggering stops there, and bringing about a session low .8937 before steadying.
What I didn’t realise earlier is that there was .8950 barrier option interest apparently; no wonder there was such durable buy interest just ahead of said level. A US bank is said to have been the major buyer protecting .8950, before they were eventually overwhelmed.
