Cable taking a breather after frantic sprint
It’s been a pretty remarkable 24 hours or so for cable, which has a 400 pip range to show for its efforts. The Tories widening lead in the opinion polls combined with an improved employment picture have been the catalysts to squeeze the bejesus out of the shorts.
Minor support is seen at the 1.5286 level, the 23.6% of the jump from yesterday’s 1.4980 low to today’s 1.5380 high. 1.5255 is further support, the overnight highs prior to the upbeat UK data.


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