Cable remains one of the cruelest currencies known to man, rallying in the face of an intense dollar rebound. Massive liquidation of long EUR/GBP positions are at work, underpinning the pound while the euro gives ground against the field. Sean reported jumbo offers in the 1.6440/50 area earlier and we suspect they are still around, if you are inclined to fade the bounce. EUR/GBP is down to 0.8971.