Cable has fallen 40 pips from 1.5505 to 1.5465 in the last few minutes. The market was obviously long and has been slightly spooked by the Lib Dem leader Clegg comprehensively beating the others in the election debate. This will again raise fears of a hung parliament.
22 Responses to “Cable sell-off getting slightly more serious”
Unfortunately, unless I start getting paid overtime for doing the...
Must try harder Gerry 
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AUTOREFRESH 
D’you know, all this poll stuff and now questionable debating is nothing but market fodder.
I forced myself to watch it. What a load of tosh – nothing that hasn’t been going round the houses for days and weeks and months.
Lilac does that guy even have a shot in the polls?
D’you mean Clegg, Annie?
If that s the gentleman who won the debate , yes.
Ah ok
Err … nope.
He’s just the floater really
We have Gordon the moron
Cam the sham
And Nick the, ummm, brick. Not
Come on they’re the best and the brightest !!! I need smiley faces
I think Nick thinks he (the Lib Dems) can win the general election – what would that do to cable!
I think Vince would be an exceedingly happy bunny
with google #s in usa not too good, and heels of greece lets mk a deal saga, im short eur/usd and looking for a healthy test of 1.3500 – 1.3525 area…
I think you might be right again zz
Sorry Annie – that’s Vince as in Cable – the libdems answer to everyone’s prayers, apparently.
Great guy, but a shambolic prospect.
annie play the short its a gimme…commodities such sell off and bonds rally overnite on goog not so rosy #s and snb is lurking out there…
No need to apologize
right on sean…you go bro…
I’m in zz you are the euro yoda!!!
zz, do you see a further sell off in commodities then overnight on the back of this ? Gold looks overbought imo, may test the recent lows again perhaps in the next few days ?
rev..i see gold and oil backing off hard…and bonds rallying hard, mkts overbought..tgt of retest somewhere north of 10,000 but below 11,000 within next 30 days…overnite usd should rally smartly, on risk aversion weekend squaring…completely agree with sean…as i mentioned before goog was the key for us mkts tech play and failed, the bloom is off the rose there…recc risk aversion for the tri (asian-europe-usa) sessions next 24 hours…
thanks for that, may have a cheeky little overnight short on gold. ATB
Sean – when you have some time, please comment on the 1-hour, EUR/GBP, chart of the last 5 days (particular the lovely downward channel made in the last 36 hours or so) and whether or not this pair is about to head south toward .87075 (or so) some time later “today”.
Sean – if you were envious of Citi’s new, long GBP/USD actions earlier this week, maybe you can even buy it “at a better price”, right now …. (unless you happened to buy it before they apparently did, at what appears to be the “new bottom” – 1.58391, about 16 hours ago).
Too true Solange. I think they bought in at 15425 from memory. Doesn’t look so crash hot now. I expect there will be a lot of stops below 15370 so we may get them a lot cheaper.