Cable has snuggled up to 1.6300 in a lighter day of trading after yesterday’s rout.
The pound rose as high as 1.6345 in early European trading and it’s given back gains to flat on the session. Bids are at the session low of 1.6257, which was just above the 100-day moving average at 1.6250. More bids at 1.6220. Sellers are at 1.6370 , 1.6380 and 1.6400. Given the lack of a spark in the market, it would take something of a miracle to test those levels in the next few hours.
