Cable buyers were in evidence at the 15:00 GMT fixing, helping propel the pound to the 1.6480 level after holding important support at 1.6425. Look for intraday shorts to turn buyers on dips near-term
EUR/USD is gyrating in the 1.4020/30 region as the large sell order rumored earlier in the session looks to have been front-run.
1.3980/90 and 1.6425 remain the key levels to watch near-term
Traders report good demand just ahead of the 1.4000 level in EUR/USD. Not sure of which of the usual suspects is on the bid, but the list is short….