Cable has come under fairly heavy pressure, presently at 1.4900, the trigger seemingly the cautious comments eminating from the Chinese Finance Minister. Cable market will be thin given the May Bank Holiday, and this will be exagerating moves.
Support now lies at 1.4880/85.
EUR/USD has also given ground, presently at 1.3275, stops just below 1.3300 accelerating the move. Technical supports 1.3270 and 1.3245/50.
