The pound fell on a miss in UK GDP numbers but the buyers have been chipping away. I take it as a sign of the underlying demand in the pound — which is the top performer this month. Last at 1.6835 after falling as low as 1.6793.
The first round or minor offers is protecting the pre-GDP high of 1.6848 but heavier offers protect yesterday’s high of 1.6858, which was also the highest since 2009. Beyond that, there’s talk of a barrier at 1.6875 and another at 1.6900.