The same option related sellers that capped the Cable at 1.6600 overnight are likely to dominate proceedings today. GBPUSD has traded in a tight 50 points over the last 6 hours with good interest on either side. Middle Eastern bids on the downside at 1.6500 and below.
Look for a break either side of 1.6550 – 1.6600 for the next direction.
