Traders note the underlying bid in cable is being helped by some one-off M&A flows. The most high-profile flow of note is said to be Barclays repatriating the proceeds of its sale of Barclays Global Investors to Blackrock for $15.2 bln. That deal closed today.

The is still talk of steady interest to sell EUR/GBP as well for a second day. That may have a corporate-finance component as well, though it is less clear.

1.6725/45 is the next resistance area in cable on the short-term charts. EUR/GBP is holding support at 0.9035. More is down at 0.9011.