Cable is 25 pips higher than yesterday mornings open but otherwise everything is exactly where it was. As we wrote yesterday, solid interest either side of 1.4150/1.4250 should ensure a few sessions of range trading for the EUR/USD. AUD/USD worked through some very big offers around .8200 but failed to break through them. Sterling fell early in Europe as EUR/GBP tried to break above .87 and cable below 1.63, both in vain. Perhaps those of us expecting big moves would be advised to wait until the northern hemisphere summer holidays are over- we may see another 5 or 6 weeks of this type of trading.
Good luck today.
