The pound found support from upbeat GDP in Q3. The pair has been looking to hold onto its recent gains above 0.8780, which is a prerequisite before a sustained recovery could materialise. The latest retracement came to a rest over the previous low at 0.8700, a sign of robust interest in keeping the single currency’s edge. A close above 0.8820 could attract momentum and trigger a runaway rally above 0.8900, confirming a bullish reversal in the process. On the downside, 0.8650 is a second line of defence in case of hesitation.
