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Cable pare losses

GBP
  • The pound is the small best performer in G10 against the Dollar, with the latter still mixed in G10, down 0.26% vs the Pound, and up 0.26% versus the Yen.
  • Market participants continue to fade, after Cable tested lowest levels since 21th Dec 2020 on Tuesday.
  • Small resistance moves down to 1.3336, short term trendline.
  • Above the latter sees 1.3370 (30/11 high)
  • Note that we have close to 1bn (851mln) option expiry at 1.3300 for today

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