GBP/USD to the highs
Cable is up 90 pips to a fresh session high of 1.3342. This is coming despite broad US dollar strength on rising Treasury yields.
Today's gain adds to a 160 pip gain yesterday and a +500 pip rally since February 15.
The July high of 1.3363 is the next level to watch, but they've been falling like dominoes this week and I don't see that one as a big obstacle.
A bigger one is the clock. Fixing demand could be underpinning the rally at the moment. Watch out for a reversal at the top of the hour.
