Perky pound as European trading gets fully underway 29 Nov

What a difference a day makes, 24 little hours.

Yesterday we were posting 1.3222 lows and now we're busting up to highs of 1.3408 not seen since early October.

Possibly a stop hunt move just now but it still looks underpinned on hopes that a Brexit bill agreement will lead to trade talks progressing at the 14-15 Dec EU summit.

Immediate support line in the sand now around 1.3375. Next line of offers/res I expect between 1.3420-30 with larger interest at 1.3450

Keep an eye on EURGBP and any more month-end demand which might help cap cable but I'll sit and watch for the moment.