Dealers note some late short-covering by interbank names out of London as demand for cable remains solid in the 1.9985/90 area. Small offers are noted at 2.0050/55 and again toward 2.0070/75.
EUR/GBP is giving back much of yesterday's strength despite less robust than expected retail sales in the UK this morning. GBP/JPY is gaining ground as a result, bolstered by widening rate differentials and rallying equities, symbolizing renewed risk appetites. Cable trades at 2.0049, EUR/GBP at 0.6785 and GBP/JPY at 238.25.
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