• Real money demand for GBP flagged as factor in pair rise to 1.5538
  
  
• 1.5538 = highest level for cable since Jan 2
  
  
• Risk of sooner than expected BoE rate hike = key source of support for GBP
  
  
• 1.5574 (100DMA) & 1.5621 (Dec 31 top) among cable bull targets pre-1.60
  
  
• 1.55 & 1.5480 supports (stops above 1.5480 & 1.55 tripped early Europe)