Cable could play catch-up again

It has been one-way trading in EUR/USD so far in US trading today as it makes an impressive move through 1.3110.

A number of times in the past few weeks there have been big euro moves that are followed shortly afterwards by cable. It’s difficult to sensibly explain but it’s been the pattern. Look for further cable gains if 1.6100 breaks.

Euro offers in the 1.3125/30 zone.

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