Forgot to mention earlier was hearing talk of barrier option interest lined up at .8400 in the cross, sell orders just ahead of said interest.
We’re presently up at .8385.
Personally I wouldn’t expect the barrier option interest to survive too long, but then that’s just me.
Interesting week for sterling next week, plenty of event risk.
Tuesday sees public sector net borrowing; Wednesday jobs report and latest Bank of England minutes; and then the possible coup de grace on Friday with provisional Q4 GDP (expected to show a contraction of some -0.1/-0.2% quarter on quarter)