The pound has found a few buyers as traders adjust positions ahead of the NFPs later today 6 May 2016
GBPUSD up to 1.4498 as EURGBP fails into 0.7900 and retreats to 0.7875.
Offers on cable at 1.4500 capping so far with larger interest behind that into 1.4530. Immediate demand 1.4470 and 1.4450. Bids on EURGBP at 0.7865 and 0.7850 should contain any further losses ahead of NFPs and indeed quite possibly after it.
No real reason for the GBP demand but European equities paring a few early losses and that's adding to euro supply and a bit of position squaring.
