Cable hanging in as barrier option defence prevails

GBPUSD clinging onto 1.5000 for the moment

It's a close call with 1.5001 business but the barrier option demand that we've been highlighting a lot recently is still holding further falls for the moment

The usual month-end demand for EURGBP is not helping cable to rally along with the overall USD demand but offers into 0.7050-55 that we've also highlighted may just tip the scales

Keep an eye on both pairs as usual

Currently 1.5010 and 0.7046

Best in 2026

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