After the earlier UK house price data-led rally we’ve seen another round of common sense prevail and sell interest at 1.6475 has capped the rally across the board.
Cable has just posted new session lows at 1.6421 and GBPJPY has fallen from a handy-looking intra-day top around 172.00 back down to 171.40. EURGBP also posting session highs back around 0.8316 from 0.8294. GBPAUD sets new session lows of 1.8256
Like we’ve been saying, and as I put in my wrap, there’s plenty of good two-way business out there right now.
Rhyme? reason? rationale? Not a lot.
Have a great week-end everyone, and let’s see what next week brings us.
