Cable recovery, EURGBP profit taking

EURUSD is dormant while cable has been pulled up to 1.5038 on a touch of short covering and profit taking in EURGBP which has slid from the high 4 1/2 hours ago at 0.8739 to 0.8707.

The single currency pair has traded in a 1.3080 – 1.3117 band since yesterday at 16.00 gmt !!!

Meantime the 95.60 offer has held the bulls off – all of 10 pips lower.

Anyone for charades ?

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