Cable holding up well so far, presently at 1.6228 having been as high as 1.6241 so far.
Talk of 1.6250 barrier option interest, said not to be overly large.
Model funds have been notable buyers of GBP/USD as well as EUR/USD this morning.
CTA’s said to have been notable buyers of GBP/JPY, the cross sharply higher at 132.75 from early 131.50.
Obviously, as we’ve mentioned on numerous occassions in recent past, 1.6280/00 seen a important resistance area.
