Sterling finds some bids and helps cable hit 1.3901
GBP/USD is now settling back at 1.3890 after the brief spike in the last half hour or so. As Mike pointed out here, there are bids lying at 1.3845-50 and looking at the chart we can see that there has been interest around that area over the last few days as well.
Good two-way action to be had ahead of the BOE later.