British Pound Crosses Push Higher, GBP/USD Breaks Above 1.66

Cable has successfully triggered stops above 1.6600, with the USD under fresh selling pressure on the impetus from the AUD gains with AUD rising on the better-than-expected Q1 GDP result. A high of 1.6614 has traded so far with further stops eyed above 1.6625. Adding to sterling momentum are cross plays with EUR/GBP sliding to 0.8615 and the session lows. Key support is at 0.8599, the lows from Monday and for the year, and the lowest since December. GBP/JPY is holding near Asian session highs of 158.87 with resistance seen at 159.23 and the highs from Tuesday, and the highs for the year.