Tripped stops above 1.9250 have helped inflate cable to highs just shy of 1.9285 (yesterday's NY session base). Eastern European buying of GBP/JPY has been touted as a catalyst for sterling's break above 1.9250.
Stops below 1.9250 were tripped in early European trade, amid talk of Eastern European selling of GBP/JPY. Sterling resistance levels north of 1.9285 include 1.9300, 1.9321 (today's Asian session peak), 1.9355 (yesterday's high), and 1.9434 (Monday's top). Tomorrow's key UK event risk is the slated 09:30GMT publication of a BoE GfK/NOP inflation attitude survey.
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