Offers are sitting up around 1.5540/50 (Fri high 1.5552) which is so far halting the rally after the stronger IP data and narrowing trade data. A break through 1.5550 will likely trip some stops ahead of next resistance up around 1.5600/20
EUR/GBP’s still comatose in the mid/high 0.7920’s, but pressure may start building on the downside with barriers targeted at 0.7900 and 0.7890 and talk that the 0.7900 level holds part of a large DNT which expires on July 13th
Cable’s presently around 1.5540 with EUR/GBP around 0.7925
