Cable sits at 1.6020. Sources note sell orders clustered at 1.6050/55, buy stops just above there before more sell orders at 1.6080/00. UK corporate/Middle Eastern sell interest is seen at the latter level. More buy stops seen through 1.6120.
EUR/GBP holding up pretty well, presently at .8755. Bundesbank is said to have been notable buyer of the cross during the European morning. Sell orders noted now at 8770/80.