GBP/USD reached 1.4812 on this latest run, two pips above the Monday high. Follow-through is lacking so far despite reports of Russian buying of the pound today.
It does seem as though a “business as usual” atmosphere prevails today as central banks start spreading their bets around the currency markets again after concentrating them on the dollar in recent months.
Godd supply is seen in the 1.4810/15 area, stymieing aggressive buying, traders report.
1.4915 is next resistance if 1.4810 is overcome on a sustained basis.
