Cable struggling so far to mount meaningful rally; interesting names noted in market

Cable sits at 1.5935, struggling so far to mount a meanigful rally having started the day up around 1.6000.

Sources report that the BIS sold up around 1.5950 capping the latest attempt to move higher while the Reserve Bank of India is said to have bought around the session low 1.5912.

Talk of 1.5900 option expiry at todays New York cut.