With EURUSD struggling to make further advances and with sell interest evident at 0.8620 on EURGBP we’ve seen cable have a little run up to 1.4972 before retreating, with EURGBP back down around 0.8610
Strong sell interest between 1.4990-5000 should be enough to cap the rally from 1.4857 unless we get exceptionally strong UK data at 08.30 GMT. Even then it should remain a tough level to breach. ( famous last words ! )
