Cable has rallied back to 1.6345 at writing. Earlier GBP bears managed to trigger sell-stops just below 1.6320, with the pairing hitting a session low 1.6303. Technical support at 1.6300 managed to hold though and this has helped spark the recovery.
When all said and done we’re stuck in a well-defined/touted 1.62/1.66 range. There wasn’t anything alarmingly new driving the market today from what I could see, more like a few big players (one in particular) bullying the market in thin trading conditions.