GBP showing little enthusiasm in either direction - BBH

Research Team at BBH, notes that the Sterling poked back above $1.30 yesterday but is struggling to find much traction as it is straddling that level today. 

Key Quotes

“It is showing little enthusiasm in either direction. 

We note that the dollar-bloc currencies are under a little pressure.  The Australian dollar remains the most resilient, but it is vulnerable to a bout of profit-taking on the 2.5 cent run-up since mid-month as the $0.7700 is approached. Over the past six weeks, it has flirted with this level, but only managed to close above it once.”