Well that’s the aforemntioned stops through 1.5030 and 1.5040 out of the way and we’ve been as high as 1.5062 so far, presently at 1.5053.
Stops were also tripped through .9090 in EUR/GBP and we’ve been down to .9062 so far, presently at .9068.
Guess there were some early clues to this sterling strength. Firstly the US custodial buying cable. As I said when they turn up they can have substantial interest. In a currency pairing as illiquid as cable they can have big impact. Secondly reports of two UK clearers selling EUR/GBP on consecutive days around same level should have been noted. I certainly noted it all
Oh well, nearly home time.
