GBP/USD: Pushing Recovery Envelope into London Fix

Cable has pushed its recovery envelope from earlier two-day lows circa 1.9560 to 1.9618 (yesterday's low) into the 16:00GMT London fix. 1.9618+ obstacles include 1.9637 (European morning low), 1.9647 (today's Asian session base), 1.9670 (today's Asian session peak), and 1.9700. Intra-day highs just shy of 1.9700 were notched in early European trade.