Cable up at 1.6075 from around 1.6055 when I arrived. Well known US investment bank noted buyer in recent trade.
Talk of sell orders up at 1.6090/00. Sean mentioned buy stops through 1.6115 earlier.
Market now awaits the release of important CPI data for January at 09:30 GMT, expected +0.1% m/m, +4.0% y/y. Worries data could be even worse than expected, putting even further pressure on Old Lady to hike rates.
