We've talked about profit-taking/position squaring ahead of the Easter break.
EURGBP had good offers at 0.7950 that I highlighted and cable had a few bids/tech support lined up at 1.4050 and these levels survived the early onslaught.
Not seeing/hearing anything else of note to force the move. Osborne is blabbering on but nothing in that to cause this GBP rally.
Ryan's preparing a tech piece on cable.
Currently 1.4136 after 1.4141 highs. Good sell interest into 1.4150-60. EURGBP has chewed through a few bids between 0.7900-20 and we have more lined up around 0.7880.
