Following on from Ryan's previous post and my comment it's appropriate to highlight here the impact of EURGBP on cable once again as per my recent posts here and here and many before that as regular readers will know
With the euro generally finding some decent demand in the dips we've seen EURGBP once again give up trying to break down through 0.7370 and instead rally back to test the upside with 0.7428 high posted so far.
Recent highs of 0.7435 gives us the next tranche of offers, with more behind there at the previous pivotal 0.7450 area.
Delicately poised up here with a break of 0.7435-40 or 1.5370 potentially tipping the scales and/or accelerating the other.
As always, if you're trading GBP, you have to keep an eye on both
