Cable has rallied nicely in the past 20 minutes or so, presently back at 1.4940, supported by decent demand at the 12:00 BST fix.
Technical resistances now lined up at 1.4950 and then 1.4985/90. As mentioned earlier, talk of barrier option interest at 1.5000, with some defence expected just ahead of said level.
Also, as mentioned earlier, “large” buy-stops said to be gathering just north of 1.5000.
