Small spike in sterling sees cable move to a high of 1.3285 before backing off
GBP/USD was trading around 1.3260 levels before jumping up in a matter of minutes to 1.3285 and then is now backing off a little. I'm not seeing anything significant to have crossed the wires to cause such a move but it appears that there's just been a flurry of bids as buyers defend the 100-hour MA in trading:
A reader on our Twitter feed suggested that it may be due to excitement ahead of England's match against Croatia tonight. Yep, I'm gonna have to go with that. :D