Cable has seen accelerated gains, presently up at 1.4710. Obviously there were buy stops around 1.4650 as suspected, because once we got through 1.4645/50 resistance we went higher in double-quick time. Important technical resistance now looms large up at 1.4780 (recent trend high)
Elsewhere EUR/USD has finally come to life and made accelerated gains, presently at 1.3370. There had been evident caution as the euro struggled to benefit from the improvement in sentiment ahead of the ECB. Seems as though a few players decided to finally throw that caution to the wind. Aforementioned buy stops at 1.3345/50 accelerated the rally to a 1.3378 session high.
