Cable catches a bid into the London fix ...Middle East

Cable has been strong in the last 30 minutes or so and that's likely on fixing flows and perhaps some stops above yesterday's high. The pair is now trading at the best levels since December 17.

There is some broad USD selling pressure hitting at the same time and I'll monitor that post-fix. I don't see any headlines driving it.

This article was written by Adam Button at www.forexlive.com.

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