Cable has rallied to session high 1.5690 so far, presently at 1.5685. The move comes with the EUR/GBP cross continuing its sojurn lower, presently at .8675 from an early .8690. Last week we heard ongoing reports of strong sell interest in the cross coming from various UK clearers. I’d hazard a guess they’ve started off the new week where they left of the last.
As mentioned earlier had sell orders tipped up at 1.5700/20. Just remains to be seen whether they can cap this latest rally.
Back with the EUR/GBP cross; support noted next at .8650/55 with stops said to be lined up just below there.