Sovereign names have been eager to buy dips below 1.5600 and the market is attempting to build a base at what was a previously important pivot. Increasing worries regarding the state of the US recovery are also making it easier to buy dips in the cable. The GBP is also looking increasingly solid on the crosses, except perhaps aganst the JPY and CHF.
Intraday resistance is at 1.5720 on the cable and support should be firm now above 1.5560.