Cable met some underlying bids into 1.3770 and above a pivot point at 1.3760 that is guarding 1.3750 ahead of the April 1 base just below, and is back on the 1.3800 handle irrespective of minor downward tweaks to the final UK services and composite PMIs.
Not necessarily the biggest G10 mover or even net loser, but the Pound has been in the spotlight again and under pressure as Cable retreated through 1.3800 amidst what looked like further short covering and technical retracement in Eur/Gbp rather than anything negative or bearish for Sterling specifically.
Not necessarily the biggest G10 mover or even net loser, but the Pound has been in the spotlight again and under pressure as Cable retreated through 1.3800 amidst what looked like further short covering and technical retracement in Eur/Gbp rather than anything negative or bearish for Sterling specifically.