Central banks have taken the market captive ahead of payrolls, buying at 1.4860 and selling above 1.4900. We’d not expect them to keep those close-to-market orders in place through the numbers, but they could widen things out to 1.4810/1.4930/50, I’d suspect.
Traders noted strong selling of cable from a private bank in Luxembourg near session highs earlier, suggesting big spec types- taking profits or getting short.
