Cable gets a lift from repeated M&A talk

Traders seemingly getting excited about the £70bln AB InBev bid for SAB Miller again

Ryan first posted on the proposed takeover on 16 Sept and now there is talk of a 14 October deadline

As always the actual cash impact is still unknown for sure but the anticipated GBPUSD demand is helping the beleaguered pair have a better time of it after an earlier dip to 1.5180 this morning

We've been up to 1.5242 but the decent supply into 1.5250 has capped again.

Keep selling those rallies IMHO!

The move is helping to cap month-end EURGBP demand but note that end- Sept sees the EU making payments back to UK farmers so the impact should be reduced this time anyhow