The pound is at the highest since Sept 4 as voting in the Scottish referendum continues.
cable daily chart Sept 18
The pair is now bumping up against the downtrend since July at 1.6418.
It’s not just the pound, the dollar is broadly lower as so of the post-Fed enthusiasm fades and risk trades rally. One pair that’s holding near the top of the daily range is USD/JPY. Keep a close eye on it. If it begins to crack a larger round of dollar selling could follow.
