Cable is trying to steady after a fairly heavy sell-off. We’re presently at 1.5385 from session low 1.5375. Source earlier noted buy orders lined up at 1.5360/80. Cable hasn’t been helped by generally heightened risk aversion, european stocks following their Asian counterparts lower with oil, gold trading easier etc etc.
Reports a US bank has been a particularly aggressive seller of GBP/JPY this morning. The cross is presently down at 144.20 from early 145.00.
