The Dollar has received a shot in the arm from the US data and the hawkish line adopted by the Fed's Lacker. Cable failed at 1.9045 and has backtracked to 1.9017-20 but the pullback is stalling and there is talk of quasi official bidding interest at the 1.9020 level.
Scope to 1.90 and lower if stops are confirmed tight under the figure. Intraday plays are now likely to be squared on any further bounces to 1.9040-45, keeping the Dollar in the recovery hunt.
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