Solid demand going in to the construction PMI data has cable challenging good offers between 1.6775-85 and EURGBP around good bids at 0.8100-10 as per my orderboards
If one pops then we can expect the other to go too but if the levels prove tough then we will see a retracement
Buy rumour sell fact perhaps but we’ll know soon enough whether the market has got a little carried away with itself
Currently 1.6776 and 0.8111
PMI expectation is for a reading of 60.8
