Cable is back up at 1.5930, pretty much where we started out. Earlier in the session cable came under fairly heavy pressure, underminned in no small part by Asian central bank selling, before renewed buy interest resurfaced just ahead of 1.5850/55 technical support.
From here, technical resistances now seen lying up at 1.5955, 1.5975/80 and 1.6000.
General risk sentiment seems to have improved this morning, bolstered by some decent euro zone data.
Sterling has managed to largely shrug off disappointing UK CBI retail sales data. The balance came in at -17 in May from +3 in April, and worse than the median forecast of -10.