Up at 1.5832 from the 1.5818 which greeted me. having been as high as 1.5842 so far.
As aforementioned sell orders clustered 1.5840/55.
Talk of buy stops through 1.5860.
Some Middle Eastern sovereign selling slowing the ascent apparently.
I’ll be interested to see what happens at the 11:00 GMT fixing, if anything. Yesterday there was talk of buy interest lined up related to dividend payments. This interest is rumoured to be ongoing in the short-term. Although we didn’t spike higher at 11:00 GMT yesterday we did effectively grind slowly higher from then.
