Cable seeing choppy trade. The pairing enjoyed a brief rally which took it from 1.6375 back over 1.6400 to around 1.6410 before retreating back to 1.6385 at writing.
I mentioned earlier that market would be wary of renewed Asian sovereign selling on moves back over 1.6400. Whether the interest was there on this latest move I can’t honestly say. Flow info is distinctly thin on the ground so far this morning.
