Cable bounces from 1.3050 support

It's a tale of two halves for the pound this session so far 26 July 2016

The early sell-off to 1.3058 has been reversed now as the strong demand/support I highlighted has prevailed at 1.3050. Decent size option expiries also in play today.

Better than expected BBA mortgage/lending data also lending help.

Currently 1.3111 there's fresh supply into 1.3130 then 1.3150. EURGBP has fallen back to 0.8395 with more demand noted nearby at 0.8385

Best in 2026

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