Cable is seeing increasingly choppy trade. It’s been up to 1.6568, presently back at 1.6545. Retail sales data for August up in about 10 mins, expected +0.1% m/m, +2.7% y/y. That’ll give sterling something concrete to key off of.
EUR/USD on the otherhand is seeing very steady trade after early fireworks, presently at 1.4740. Haven’t been able to substantiate earlier talk of big bank sell recommendations in EUR/USD. That’s not to say they’re not out there, just we can’t get concrete proof of such.