At least for now. …Focus this morning on the Q2 GDP release second estimate (0830GMT) with the q/q reading expected -0.5% after -0.7% last , and the y/y expected to improve to -0.6% from -0.8%
Cable’s currently holding around the 1.5860 level after a dull Asian session, but a strong GDP could retest yesterday’s move up through 1.5900 again and challenge yesterday 1.5912 high.
Above here there’s mid May(17/16) highs at 1.5933 and 1.5990, with likely option selling interest in front of the psychological 1.6000 level, (which you never know may just hold a barrier).
Bids nearby lie at 1.5850/60 and 1.5800/10
