Trading is pretty lacklustre in European lunchtime trade. EUR/USD sits presently 1.4680, pretty much where we started out earlier today. Sources note sell stops gathered down around 1.4670, but don’t get the impression they’re overly hefty.
Cable has slipped through 1.6510/20 resistance, presently at 1.6525. Next level of interest up at 1.6550. Cable is slowly recovering a little of it’s poise lost in wake of various King comments Tuesday.
