Cable is back below 1.6500. Having popped up to session high 1.6523 cable did a sharp about turn and is presently back down at 1.6465.
Sources report good buying interest for the EUR/GBP cross out of the MIddle East, and this will certainly be weighing on cable. The cross has rallied to .8655 from an early .8645.
We haven’t got confirmation of such, but it’s pretty likely Middle East names were also selling cable.
Once again, cable fails to hold above 1.6500.
