Cable sits at 1.5490, holding up pretty well. Earlier 1.5500 barrier interest seemingly gave out when 1.5502 session high posted.
The EUR/GBP sell off continues and this is helping support cable. Obviously the afterglow of Friday’s much stronger than expected growth data is a fundamental factor driving sterling gains.
Talk now sell orders 1.5515/25, stops through 1.5525, before more sell orders 1.5545/55. Further stops around 1.5560.
EDIT: Just getting reports Uk clearer has been notable buyer in recent trade. It’s the one that offered me a dealing job twice during my banking career and twice I turned them down. BIG MISTAKE. BIIIIIIIIIIIIG!!!!
LATEST: Good offers now seen 1.5500/10. Sounds like further upside is going to be tough sledding rather than a sprint.
