Cable has made some ground this morning, presently up at 1.4070 having started off in Europe down around 1.4020. Cable’s cause will have been aided by activity in the EUR/GBP cross. Sell stops just below .8900 were targetted and triggered, sending the cross to .8886 at writing. Technical supports in EUR/GBP now seen at 8880 and .8860. Resistance noted up at .8935/40.
Also decent buying interest in the GBP/JPY cross (as pointed out by Mark) is lending cable support.
