Obviously the GBP bull trend is getting reasonably mature but on a long-term view it remains reasonably cheap against a number of the other majors and so I’m happy to stay in dip-buying mode.
It’s hard to see any clear value trades at current levels but cable support at 1.6210/25 has proven to be pretty solid so I like the buy-intraday-dip play with stops well below 1.6220. Some talk of bids near 1.6260/70 so lets see what happens at that level.