Further to earlier reports of ACB interest to buy cable in not overly large amounts around 1.6600; now hearing of ACB looking for quotes in cable. Wonder if they’re looking to buy some more at these lower levels. We’re presently at 1.6550. Might at least explain why cable sell-off has slowed.
Talk of buy orders now down at 1.6500/20. Meanwhile GBP/JPY has added to earlier losses, down presently at 147.00.