Cable is on a tear, presently at 1.6685 having been as high as 1.6693. Sources note that stops were triggered on the move through 1.6660 resistance accelerating the rally.
From here, resistances now at 1.6700 and 1.6720.
Talk/rumour in market Q3 GDP could be revised to -0.1% from initial -0.4% will be lending sterling some support. If recent rumours regarding economic data are anything to go by this talk will prove just so much hogwash.
