Pound catches a bid, cable tests 200-hour moving average - ConsultFX

Pound catches a bid, cable tests 200-hour moving average

The pound catches a quick bid across the board ForexLive That's about a 20 pips move in cable - which also inadvertently dragged EUR/USD higher by about 10 pips too. Nothing that I can see on the wires to have caused the spike. This appears to be one of those sleeping/summer market spikes.