Cable pops 1.5000 to post fresh 7-month lows

After a stubborn barrier option defence we've now popped lower to post 1.4998

Those DNT options with 1.5000 as the lower limit are now history.

Currently back to 1.5002 the next decent support is not so far away into 1.4980

EURUSD demand into 1.0550-60 is still holding up for the moment but rallies limited in both as USD buying prevails

Best in 2026

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