All eyes may have been on Greece, euro and a falling yen but it's the ol' pound that's starring so far
Early on I highlighted here, here , here, and here that cable was attracting bids above 1.5500 and that EURGBP was not interested in keeping pace with euro rallies elsewhere
Cue the euro retreat and cue EURGBP needing no excuse to tumble further putting bids under GBPUSD
Bids/demand/support at 0.7150 and offers/res into 1.5555 have fallen away comfortably now to post 0.7107 and 1.5589
More buyers at 0.7100 and sellers into 1.5600 but the pound is definitely enjoying some love on the post-deal uncertainty so I have been keeping my powder dry this time around
GBPAUD 2.0977 highs and GBPCAD 1.9822 with GBPJPY trumping those to post 192.35 running side-by-side GBPCHF to 1.4754
Safe-haven plays? Not really, but the UK looks stable by comparison to the circus that is the Eurozone right now and the myopic market has got interest rate hikes in its sights again