Just hit a day’s low of 0.8316 in EUR/GBP, which has helped prop up cable from 1.5610. Just hearing some reasonable buy orders around this 1.5610 level , but market seems to be targeting stops all over the shop., so not a clear picture at the moment.
Talk of cable sell stops down through 1.5590
There is also a barrier at 0.8300 in EUR/GBP which is likely to be defended ahead of the 2011 lows around 0.8285
